Investor Optimism Over Reopening Lifts Markets Ahead of Jobs Report

A broad rally in markets early Friday showed investor optimism was building even as the latest unemployment data from the U.S. was expected to show that serious pain for workers continued last month. Futures tied to the S&P 500 gained 0.8% ahead of the opening bell in New York, suggesting U.S. stocks could rise Friday. The yield on 10-year U.S. Treasurys jumped to 0.873% from 0.818% Thursday, the highest since late March. Bond yields often rise as investors expect economic growth—and inflation—to pick up in the future….

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