By TIM PARADIS
AP Business Writer
NEW YORK – Good news about jobs should give the stock market a lift, but don’t expect it to hold.
The Labor Department’s report Friday that March saw the biggest increase in jobs in three years has boosted expectations for the economy. Investors dumped safe investments like bonds and pushed the dollar higher in a sign of confidence in the recovery. The stock market was closed for the Good Friday holiday but stock futures contracts – investors’ bets on what they think the market will do later – blipped higher.
All signs point higher for the stock market. The trouble is that some buyers have been looking a little winded lately. Stocks may get a bounce from the jobs numbers but some analysts warn that any gains will be hard to hold onto.