Friday's employment report showed the economy added 916,000 jobs last month, suggesting stimulus and vaccine deployment have jump-started what could be the strongest yearly economic performance in decades.
"You're seeing pretty broad-based strength and that's a positive for the market," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. "That kind of breadth in the market, it tends to portend advances that have legs."Demand for digital cash continues to grow, with market cap hitting a record high of $2 trillion on Monday.
The Dow Jones Industrial Average rose 373.98 points, or 1.13%, to 33,527.19, the S&P 500 gained 58.04 points, or 1.44%, to 4,077.91 and the Nasdaq Composite added 225.49 points, or 1.67%, to 13,705.59. European and Australian stock markets were closed in observance of Easter Monday, while China's stock market was dark in observance of Tomb Sweeping day.Emerging market stocks rose 0.06%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.03% higher, while Japan's Nikkei rose 0.79%.