Uncle Sam will release key employment data Friday when the stock market is closed, forcing investors to play catch-up on Monday.
Economists expect the Labor Department to report that nonfarm payrolls rose by 142,000 in March, while the unemployment rate is forecast to rise to 4.6% from 4.5%.
"The lack of liquidity (Friday) is going to probably give you an exaggerated response to the number," said Richard Gilhooly, senior bond strategist at BNP Paribas.
"(The employment report) has been a real catalyst on the equity side and not seeing it gives us the whole weekend to digest it," Bob Nunn, managing director at Cohen Specialists, told CNBC. "I imagine Monday could be very interesting day."
CNBC’s Steve Liesman says the market typically trades lower following this odd-ball scenario.