In commodities, Crude rallied sharply in early U.S. trading and sits up 1.2% near $103 p/barrel. Natural gas, after rising in prior sessions, fell 2% to below $2.10 p/bcf.
Gold prices are also reversing some of yesterday’s losses, with futures up 0.8% to $1,626.
Throughout the rest of the trading day, we are looking at a whole lotta nothing. There could be some position liquidation towards the closing bell, since the March jobs report is released tomorrow morning. Analysts are calling for a 203,000 jobs. We’ll have to wait until Monday to figure out how equities will react.