Published: April 7, 2023 at 11:44 am ET
US investors will be right back to work on Easter Monday after the confluence of Good Friday and Jobs Day prompted reduced trading hours for stock index futures and Treasuries.
Because Good Friday is not a federal holiday, the U.S. Department of Labor released the March jobs report at the usual time of 8:30 a.m. Eastern time. US bourses and most markets were closed on Friday, but US stock index futures on the CME stayed open until 9:15 am, giving investors a 45-minute window to trade the jobs data… .
US investors will be right back to work on Easter Monday after the confluence of Good Friday and Jobs Day prompted reduced trading hours for stock index futures and Treasuries.
Because Good Friday is not a federal holiday, the U.S. Department of Labor released the March jobs report at the usual time of 8:30 a.m. Eastern time. US bourses and most markets were closed on Friday, but US stock index futures on the CME stayed open until 9:15 am, giving investors a 45-minute window to trade the jobs data. Sifma, meanwhile, recommended a midday close for US bond trading, while interest rate futures markets also saw a shortened session.
While most of Europe will enjoy a four-day holiday beginning with Easter Monday and Good Friday, US markets will resume normal trading hours. US stock index futures resume trading at the usual 6:00 p.m. time on Sunday evening.
Stock index futures enjoyed a largely uneventful session on Friday. Futures on the Dow Jones Industrial Average
YM00
,
S&P500
ES00
and Nasdaq-100
NQM23
swung from small losses to small gains after data showed the US added 236,000 jobs in March, broadly in line with the consensus forecast of 238,000 according to a Wall Street Journal poll of economists. Unexpectedly, the unemployment rate fell from 3.6% to 3.5%.
With the exception of Dow industrials, US stocks ended the holiday-shortened week lower on Thursday after the S&P 500 and the tech-heavy Nasdaq posted three straight weekly gains. the dow
DJIA
rose 0.6% this week, during the S&P 500
SPX
lost 0.1% and the Nasdaq
COMP
tumbled 1.1% after posting its best quarter since 2020.
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