Good Friday headlines turn to jobs surprise and Hormuz pressure

U.S. markets were closed for Good Friday, so QQQ and SPY had no regular-session move. March payrolls rose by 178,000 versus a 60,000 forecast, while the services PMI fell to 49.8 and entered contraction for the first time in three years. Hormuz pressure remained prominent, alongside Microsoft's $10 billion AI investment plan for Japan.