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 (NYSE: SPY): +0.10% or +4.09 points to 4,109.11
Dow Jones Industrial Average (NYSE: DIA): +0.30% or +101.23 points to 33,586.52
Nasdaq Composite Index (NASDAQ: QQQ): -0.03% or -3.60 points to 12,084.35
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 (NYSE: JPM), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) all scheduled to report first-quarter earnings on Friday.
Elsewhere on Monday, movie theater stocks like AMC Entertainment (NYSE: AMC), Cinemark (NYSE: CNK) and IMAX (NYSE: IMAX) rose following the successful opening of "The Super Mario Bros. Movie." Since its release on April 5, the movie has grossed more than $204 million in the U.S., according to data from Box Office Mojo.
Tesla (NASDAQ: TSLA) announced its second "Megafactory" facility will be built in Shanghai, China. The manufacturing factory will produce Tesla's commercial Megapack battery energy storage units, with the goal of producing about 10,000 systems per years, the automaker announced.
Apple (NASDAQ: AAPL) shares declined after the International Data Corporation reported that global shipments of traditional PCs fell nearly 30% year-over-year in the first quarter, with Mac sales droppeding 40%.