- DJI rallies 65.06 points to 17,753.24 after ending Q1 in the red.
- DJI registered its first quarterly loss in 4 quarters.
- The Labor Department will release March nonfarm payrolls on Friday.
US stocks edged higher on Thursday, as the Dow Jones Industrial Average rebounded ahead of the March nonfarm payrolls report.
The DJI advanced 65.06 points or 0.37 percent to close at 17,763.24.
The benchmark gauge dropped more than 200 points on Tuesday, ending the first quarter in the red. The DJI lost 46.95 points or 0.3 percent in the first quarter following three consecutive quarters of gains.
The other major US indices rallied on Thursday. The S&P 500 Index added 7.27 points to close at 2,066.96. The technology-heavy NASDAQ Composite Index added 6.71 points to 4,886.94.
On Friday the Labor Department will report on March nonfarm payrolls, which are expected to show the creation of more than 240,000 jobs. However, some observers are lowering their forecasts after payrolls processor ADP said employers added only 189,000 jobs last month. That was the first time since January 2014 job gains were fewer than 200,000.
The indices could face heavy movement over the next few weeks as investors gear up for earnings season, which many fear will be a big disappointment. According to multinational financial data provider FactSet, 163 of 500 companies listed on the S&P 500 will post a drop in earnings in the first quarter.