US stock futures point to strong gains after non-farm payrolls, spoos up 1%

It’s looking like a strong rebound for US stock markets after yesterday’s late-day selloff. Futures levels:

• S&P 500 +50 points or +1.0%
• Nasdaq futures +0.9%
• DJIA futures +0.7%
• Russell 2000 futures +1.5%

That’s a nice rebound. In focus will be Tesla shares after yesterday’s plunge: they’re up 3.8% premarket. Another mover is Lululemon, down 18% after lowering guidance on poor macro and Broadcom down 2.9% on earnings.

I didn’t see much in the non-farm payrolls report to spark this kind of buying but the fast majority of the lift came after the data, indicating some real angst about the economy.

This article was written by Adam Button at www.forexlive.com.