US STOCKS-Futures point to higher open on payroll report


 * Employment jumps, jobless rate falls to two-year low
 * Break above 1,330 on S&P may trigger more buying
 * NYSE Euronext gains on rival bid from Nasdaq, ICE
 * Futures up: Dow 66 pts, S&P 8.5 pts, Nasdaq 15.25 pts
 * For up-to-the-minute market news see [STXNEWS/US]
  (Updates with payroll data)
 By Ryan Vlastelica
 NEW YORK, April 1 (Reuters) - U.S. stock index futures
pointed to a higher open on Friday as employment notched a
second straight month of solid gains while the unemployment
rate fell to a two-year low.
 Non-farm payrolls rose by 216,000 jobs last month, more
than expected and the largest increase since May, the Labor
Department said. January and February employment figures were
revised to show 7,000 more jobs than previously reported. The
unemployment rate fell to 8.8 percent from 8.9 percent in
February. For details, see [ID:nOAT004775]
 The data is "very consistent with the view that the
recovery is gaining some momentum," said Hugh Johnson, chief
investment officer of Hugh Johnson Advisors LLC in Albany, New
York. "It's hard to argue with the case that we have further to
go in this bull market economic recovery cycle."
 On the first day of the new quarter, futures added to
earlier gains on the jobs data, which shows the U.S. economy
continued to gain strength and support a stock market advance
despite turmoil in the Middle East and North Africa and the
crises in earthquake-ravaged Japan.
 Investors will watch to see if the S&P 500 index can
convincingly break through 1,330 after several unsuccessful
attempts in the past month. Technical momentum may kick in if
it does, lifting stocks further.
 NYSE Euronext (NYX.N: Quote, Profile, Research) rallied in premarket trading after
Nasdaq OMX Group Inc (NDAQ.O: Quote, Profile, Research) and IntercontinentalExchange Inc
(ICE.N: Quote, Profile, Research) unveiled a bid to buy the rival exchanges operator,
topping an earlier offer from Deutsche Boerse AG (DB1Gn.DE: Quote, Profile, Research).
[ID:nL3E7F11TO]
 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 To see a graphic on jobs, see
 http://r.reuters.com/kab88r                         
 To see a graphic comparing global exchanges, see     
 http://r.reuters.com/gab88r
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 NYSE surged 10 percent to $38.73, while ICE shares were
down 1.7 percent to $121.50 and Nasdaq OMX was off 1.3 percent
at $25.50.
 S&P 500 futures (SPc1: Quote, Profile, Research) rose 8.5 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: Quote, Profile, Research) added 66
points and Nasdaq 100 futures (NDc1: Quote, Profile, Research) rose 15.25 points.
 Other data scheduled for Friday includes the Institute for
Supply Management report for March manufacturing due at 10 a.m.
(1400 GMT). The release will follow upbeat Chinese factory data
that eased concerns about monetary tightening. [ID:nL3E7F104Q]
 The S&P 500 ended the first quarter on Thursday with a gain
of 5.4 percent.
 The World Trade Organization said late Thursday that Boeing
Co (BA.N: Quote, Profile, Research) received at least $5.3 billion in illegal U.S.
subsidies. [ID:nLDE72U108]
 Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) borrowed five times from the
U.S. Federal Reserve's discount window since the start of the
financial crisis despite a senior executive's testimony that
the bank used it only once. [ID:nN31260744]
 U.S. stocks ended the first quarter with the barest of
moves on Thursday.
 (Additional reporting by Chuck Mikolajczak; Editing by Kenneth
Barry)






US STOCKS-Futures point to higher open on payroll report