Stock markets opened to new record highs Monday morning, jumping in the aftermath of a blowout jobs report on Friday.
The Dow Jones Industrial Average opened up 300 points, or 0.9 percent, and the S&P 500 opened up 35 points, or 0.9 percent.
The reaction from stocks came after a Friday jobs report from Labor Department showing a 916,000 upswing in jobs in March, more than a third higher than economists expected.
Markets were closed for trading to observe Good Friday, delaying the jump in stocks.
The increases pushed the S&P 500, which passed 4,000 for the first time last week, and the Dow to new highs.
The jobs situation is likely to remain strong in April as $1,400 stimulus checks work their way through the economy and vaccinations continue. The recent uptick in COVID-19 cases, however, could threaten the recovery if they lead to new restrictions.
Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
