“The 196,000 jobs added in March shows the US economy is not stalling out, something investors were worried about following February’s disappointing numbers. And other data in the report showed wages are rising but not at a rate which would spur inflation,” said Chris Gaffney, president of world markets at TIAA Bank. “This was a perfect report for equity investors as it shows the US economy is still marching along while the wage numbers will keep the FOMC on the sidelines.”
CNBC