S&P500 +61 to 5208, I thought this morning's strong jobs report might shake the market, but instead we get a big rally despite the ever diminishing chances of a FED rate cut by summer ....
briefing -
Nonfarm payrolls increased by 303,000 in March (Briefing.com consensus 200,000) following a revised increase of 270,000 in February (from 275,000). Nonfarm private payrolls rose by 232,000 in March (Briefing.com consensus 160,000) following a revised increase of 207,000 in February (from 223,000).
The unemployment rate fell to 3.8% in March (Briefing.com consensus 3.8%) from 3.9% in February.
Average hourly earnings increased by 0.3% in March (Briefing.com consensus 0.3%) following a revised 0.2% increase in February (from 0.1%). The average workweek rose to 34.4 hours in March (Briefing.com consensus 34.3) from 34.3 hours in February.
