Stocks were mixed on Monday as investors looked ahead towards to key inflation data this week following Friday's jobs report for March. The Dow Jones Industrial Average rose over 100 points , while the S&P 500 Index added 0.1% and Nasdaq Composite lost 0.03%.
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Wall Street was closed on Friday in observance of the U.S. holiday Good Friday. Still, the Labor Department released non-farm payroll numbers for March Friday morning, giving traders a long weekend to weigh the health of the U.S. labor force amid the potential for a recession on the horizon.
Non-farm payrolls grew by 236,000 for the month, about in line with analyst estimates, the Labor Department reported. March's print was a nearly 100,000 decline from February's revised total of 326,000. Meanwhile, the unemployment rate remained at 3.5% and the labor force participation rate rose to a post-pandemic high of 62.6%.
Beyond the neutral jobs numbers, investors are looking ahead to March's consumer price index report slated for release on Wednesday. Economists polled by Bloomberg expect the index to rise 0.3% from February, bringing the annual headline inflation rate to 5.2%.
The Federal Reserve is also set to release minutes from its late-March meeting Wednesday afternoon, which will give market participant more insight on the central bank's next moves when it comes to interest rates.
This week also kicks off another earnings season, with big banks like JPMorgan Chase
Elsewhere on Monday, movie theater stocks like AMC Entertainment
Tesla
Apple