0905 ET - S&P 500 futures cutting some of their steep losses after the March jobs report comes in stronger than expected. The U.S. added 228,000 jobs last month, well above the 140,000 jobs economists polled by WSJ expected to see. The unemployment rate ticked up to 4.2%. S&P futures are now down 120 points, following a 4% drop in DJIA and a near 5% slide in the S&P 500 on Thursday. Attention turns to Fed Chairman Powell's speech on the economic outlook. Investors are hungry for insight into how Powell sees tariffs affecting jobs, inflation and growth, and the prospects for future rate cuts. (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 09:05 ET (13:05 GMT)
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