The Dow Jones industrial average rose 150 points. UnitedHealth and McDonald's contributed the most gains on the Dow.
Private payrolls rose by 263,000 last month, above the estimate of 185,000. The February number was revised significantly lower from the originally reported 298,000. According to some analysts, most of the market participants were worried that last month's weather could have had an adverse impact on hiring. Other data released today the Institute for Supply Management non-manufacturing index which came in at 55.2, below an expected 57.