Stock Futures Rebound: U.S. Stock Futures are back on the rise following positive signs of job growth in February

U.S. stock indices rebounded earlier today after a three-day set back for the S&P 500 and the Nasdaq, as investors show optimism over the U.S employment data that is likely to show accelerated jobs growth in February.

Investors expect the employment data to show that the U.S. economy benefited from falling new COVID-19 cases, an increase in vaccination rates and additional pandemic relief packages from the government.

However, the report will also be a reminder that the recovery in the labour market is excruciatingly slow. Federal Reserve Chair Jerome Powell on Thursday maintained the central bank’s dovish stance to support maximum employment and said inflation was not a worry at the moment.

His comments disappointed investors who expected him to act on the recent spike in the U.S. 10-year Treasury yield that has set the S&P 500 and the Nasdaq on course for their third straight weekly decline.

P.S: The 10-year U.S. Treasury yields rose above the 1.5% mark. Thus closing in on its highest level since mid-February last year.

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