NEW YORK (CNNMoney) -- U.S. stocks were poised to open the second quarter higher, following the government's stronger-than-expected jobs report -- one of the most closely-watched economic indicators on Wall Street.
The report showed a gain of 216,000 jobs in March -- easily topping forecasts. The unemployment rate dipped to 8.8% -- its lowest level in two years.
"The revival in U.S. economic growth is resilient enough to withstand the shocks that we've been hit with like higher oil prices and concerns out of Japan," said Lakshman Achuthan, managing director of the Economic Cycle Research Institute.
"Even if something new came along, it wouldn't necessarily just tank the economy," he said. "The markets are probably getting a sense that the first quarter was not a bad quarter."
On Thursday, U.S. stocks ended the day narrowly mixed, but stocks posted solid gains the first three months of the year, despite geopolitical turmoil in the Middle East and the March earthquake and nuclear crisis in Japan.
Companies: Nasdaq and IntercontinentalExchange offered $42.50 a share, or $11.3 billion, for NYSE Euronext, topping the bid from rival Deutsche Boerse by nearly 19%. Shares of NYSE rose 10% in premarket trading to $39.10. Nasdaq's stock fell 4%, while shares of ICE slid 2.5%.
Economy: Also on tap for Friday morning, the Institute for Supply Management's March manufacturing index and the Commerce Department's February construction spending report will be released at 10 a.m.
Economists expect the ISM manufacturing index to remain steady at a reading of 61.4, while construction spending is expected to fall by 0.7%.
World markets: Asian markets ended the session mixed. The Shanghai Composite rose 1.3%, and the Hang Seng in Hong Kong added 1.2%. But Japan's Nikkei eased 0.5%, after a report showed auto sales in the nation plunged 37% in March.
European stocks rose in midday trading. Britain's FTSE 100 rose 1%, the DAX in Germany gained 1.2% and France's CAC 40 edged higher 0.8%.
Oil for May delivery rose 76 cents to $107.48 a barrel.
Gold futures for June delivery slipped $15 to $1,424.60 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.51% from 3.45% late Thursday.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.99%||3.96%|
|15 yr fixed||3.16%||3.13%|
|30 yr refi||4.01%||3.98%|
|15 yr refi||3.18%||3.15%|
Today's featured rates:
Irish drug maker Mallinckrodt will have to pay a $100 million fine and allow one of its competitors to produce a life-saving medication used to treat infants. The company hiked the price of the drug from $40 per vial to more than $34,000 per vial over the course of about 15 years. More
Federal Reserve Chair Janet Yellen gave her outlook on monetary policy days before Donald Trump becomes president. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
Navient, formerly part of Sallie Mae, was sued by the CFPB Wednesday for allegedly cheating borrowers out of repayment rights. More