U.S. stocks will likely plummet on Monday, especially with the disappointing March jobs report.
Markets are closed on Good Friday, and the Monday afterwards is historically the S&P 500's worst post-holiday trading session. When the key monthly jobs report comes out on that Friday, stocks perform even more poorly.
More downward momentum will likely come from the March nonfarm payrolls report that showed an increase of just 126,000 jobs, far below Reuters' expectations of 245,000.
Futures turned sharply negative, with the Dow futures off more than 160 points, after the data release.
Analysis using the quantitative tool Kensho showed the three major indices declined much more on Mondays following the release of jobs numbers on a Good Friday.