US STOCKS-Futures gain after robust monthly jobs report

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* Futures up: Dow 0.63%, S&P 0.54%, Nasdaq 0.48%

By Medha Singh
April 5 (Reuters) - U.S. stock index futures gained on
Monday, as investors returning from a long weekend cheered data
showing strongest jobs growth in seven months that could mark
the beginning of the best annual economic growth in nearly four
decades.
Futures tracking the domestically focused Russell 2000
.RUT jumped about 1.5% as Friday's report showed U.S. nonfarm
payrolls surged by 916,000 jobs in March, well above 647,000
forecast by a Reuters poll of economists. Shares of U.S. banks, industrial and material firms
including Bank of America BAC.N , JPMorgan Chase & Co JPM.N ,
Boeing Co BA.N and Dow Inc DOW.N , which are poised to
benefit from an improving economy, firmed about 1% each in
premarket trading.
With speedy vaccinations and additional government stimulus
helping the S&P 500 and the Dow clinch all-time highs, investors
will now look to progress on a massive infrastructure plan and
the upcoming corporate earnings season for insight on the
sustainability of the rally. The Nasdaq is still about 5% below its record peak from
February after high-growth tech stocks were hurt by a spike in
bond yields.
Heavyweight Tesla Inc TSLA.O rose 7.6% after the world's
most valuable carmaker posted record deliveries, as solid demand
for its electric cars offset the impact of a global shortage of
chips. At 6:18 a.m. ET, Dow E-minis 1YMcv1 were up 208 points, or
0.63%, S&P 500 E-minis EScv1 were up 21.5 points, or 0.54% and
Nasdaq 100 E-minis NQcv1 were up 63.75 points, or 0.48%.
Investors will get a fresh glimpse of the U.S. economic
health in the form of ISM's survey of the services sector, which
accounts for more than two-thirds of U.S. economic activity. The
data is due at 10 a.m. ET (1400 GMT).