ReutersStock futures dipped in over night trading Sunday after a rush of broad based late purchasing pressed the S&P 500 to a record high in the last minutes of the previous session.Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures and Nasdaq 100 futures both traded 0.3% lower.On Friday, all 3 major standards rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&P 500 ultimately climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.Traders are bracing for heightened volatility throughout this holiday-shortened week with quarter-end rebalancing amongst pension funds and other big financiers. The current swift advance in bond yields might set up cash managers for huge changes in their portfolio.The Dow and the S&P 500 have actually increased 6.9% and 4.3%, respectively, up until now in March. The tech-heavy Nasdaq, nevertheless, has actually dipped 0.4% this month as some financiers leapt high-flying innovation names in the middle of rising yields.Investors are awaiting updates from President Joe Biden about his facilities strategy which could cost north of $3 trillion. When he travels to Pittsburgh on Wednesday, the president is anticipated to reveal his strategy. White House press secretary Jen Psaki stated Sunday Biden prepares to present 2 packages in the coming months, the very first covering infrastructure and the 2nd covering health and household care.”The market isnt placing very high chances on this infrastructure/tax plan concerning fulfillment and while Biden most likely will not get whatever hes requesting, Congressional Democrats and the White House are VERY intention on passing some considerable costs in the coming months,” Adam Crisafulli, founder of Vital Knowledge, said in a note.The stock exchange is closed for the Good Friday holiday, however the March jobs report is still slated for release that morning. Financial experts anticipate 630,000 jobs were included March, and the joblessness rate fell to 6% from 6.2%, according to Dow Jones.