S+P 500 futures jump following US jobs report

The S+P 500 futures were still holding gains ahead of and leading into the US jobs report. The index had closed last night at 5,604.14. The indicative opening price was holding around 5,625 leading into this jobs data. The immediate reaction to the US jobs report has seen that now spike higher and reprice the opening closer to 5,650. The thing about that payroll data; whilst it was higher than forecast, if you take off the downside revision to last month, it nets out at a gain of 134k. Perhaps the markets are relieved it was not worse and that certainly seems to the the case in terms of the immediate dollar and stock market reactions.