Happy Monday after the holiday weekend. Here’s what we’re watching before today’s trading kicks off.
—U.S. stock futures rose following a strong jobs report and ahead of fresh data that is expected to show recovery in the U.S. services sector.
Futures tied to the S&P 500 gained 0.6%, indicating that the broad market gauge could rise after the New York opening bell. Dow Jones Industrial Average futures climbed 0.6% and Nasdaq-100 futures added 0.5%. Read our full market wrap here.
What’s Coming Up IHS Markit’s U.S. services index for March is expected to tick up to 60.2 from a preliminary reading of 60 when figures are released at 9:45 a.m. ET.
The Institute for Supply Management’s services index for March, due at 10 a.m., is expected to rise to 59.2 from 55.3 a month earlier.
U.S. factory orders for February, also out at 10 a.m., are expected to rise 0.3% from a month earlier.
Market Movers to Watch — GameStop shares tumbled 15% premarket after after the videogame retailer announced plans to sell up to 3.5 million shares of its common stock.
—Shares in electric carmaker Tesla rallied 7.5% in premarket trading.