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The first trading day of the month of March was a productive one for those long equities. The major U.S. equity indexes started the day to the upside and never really looked back on the way to an impressive winning session, one that saw the technology heavy NASDAQ pass the physiologically significant 5,000 mark for the first time since around the turn of the century.
The nation added 288,000 jobs in June, with non-farm payrolls strengthening much more than had been anticipated. The consensus expectation for the month had been for job growth of about 215,000.