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NEW YORK, March 9 (Xinhua) -- U.S. stocks posted modest gains on Monday, as investors re-assessed the impact of February's strong jobs data while no major releases are due during the day.
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U.S. equities witnessed a sharp decline Friday, as investors worried that a strong monthly jobs report heightened speculations that the Federal Reserve could raise interest rates sooner than expected.
Traders were wondering that the markets might overreact to the jobs report, as hourly wages only ticked up 0.1 percent, missing market consensus.
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Apple also announced a series of updates to some of the company 's products and services before unveiling Apple Watch.
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Overseas, the European Central Bank began its 60 billion euros per month bond buying program on Monday with the aim to fend off deflation and boost the eurozone economy by pumping more money into the real economy.
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Light, sweet crude for April delivery gained 39 cents to settle at 50.00 dollars a barrel on the New York Mercantile Exchange.
The dollar went down against most major currencies as investors took profits from gains on the country's strong nonfarm payrolls released Friday.
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