U.S. stock index futures ticked higher across the board Friday following the nonfarm payrolls report.
The U.S. created 192,000 new jobs in March after a gain of 197,000 in February, according to the Labor Department. The unemployment rate was unchanged at 6.7 percent. Economists polled by Reuters had expected employment to increase 200,000 last month and the unemployment rate to dip to 6.6 percent.
"I think this is enough of a goldilocks number for the market – it doesn't change Fed tapering, but still signals the economy is expanding gradually," said Anthony Valeri, investment strategist for LPL Financial.
The central bank previously said it would look to overhaul policy once the unemployment rate declined to 6.5 percent, but has since signaled that policy is no longer focused on unemployment.
"This might not be an ideal entry point [for investors looking for a pullback], but this market has been very resilient for more than a year and second-guessing has been the wrong path. We think this bull market is on track," said Valeri.
Anadarko Petroleum climbed after the oil and gas company said it would pay more than $5 billion to clean up areas across the United States polluted by nuclear fuel, wood creosote and rocket fuel waste, resolving a long-running lawsuit. At least 11 brokerages boosted their price targets on the company.
CarMax slumped after the auto retailer posted earnings and revenue that were below expectations. However, the company increased its share buyback program by one billion dollars, and said it also corrected an accounting issue during the fourth quarter related to extended warranties and related issues.