The economy added 98,000 jobs in March, missing estimates of 175,000, according to a report from the Bureau of Labor Statistics on Friday. TheStreet's Scott Gamm speaks with Nick Colas, chief market analyst at Convergex.

Stocks were under assault on multiple fronts in a busy end to the week. Geopolitical threats rose overnight after the U.S. military executed an airstrike against Syria in retaliation to a chemical attack earlier this week. Closer to home, the March jobs number was a big miss as late-season snow snarled weather-sensitive industries. Defense stocks saw some of this biggest gains of the day. Boeing , Lockheed Martin and Raytheon , the maker of the Tomahawk missiles used in the attack on Syria, each moved higher. Twitter was under pressure after defying a U.S. government request for records that could identify anti-Trump users. The social network is challenging that order in court, arguing that attempts to unmask users violates the First Amendment. PriceSmart fell after quarterly earnings and sales missed estimates. Overall revenue climbed 2%, while net warehouse club sales grew 1.8%.

Crude oil gains helped the energy sector lead markets with modest gains. However, trading appeared cautious ahead of a possibly contentious meeting between Donald Trump and China's President Xi over the next two days. Yum! China surged on first-quarter earnings and sales that were better than anticipated. The owner of KFC and Pizza Hut in the region reported a 1% increase in same-store sales over the three-month period. Costco rose after reporting strong sales figures for March. The warehouse retailer saw a 9% increase in March revenue in the U.S., while same-store sales increased 7%. Advanced Micro Devices slumped after Goldman Sachs initiated coverage with a SELL rating and $11 price target. The firm said current valuations make its stock price difficult to justify.

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Wall Street came off of the day's highs late in the session on worries over how President Trump will handle the Syrian civil war and relations with China. The Trump administration has changed its tune, signaling possible military action against the Assad regime. Bed, Bath & Beyond rose after topping analysts' estimates in its recent quarter. The homewares retailer reported a 3% increase in sales, while comparable-store sales edged 0.4% higher. SeaWorld was initiated with a SELL rating and $16 price target at Goldman Sachs. Analysts are skeptical that cost-cutting measures will translate to growth. L Brands surged even after reporting a steep decline in March sales. Comparable sales for the five weeks to April 1 dropped 10%.

JAB Holdings is buying Panera Bread Company for $7.5 billion dollars. JAB is the parent company of Caribou coffee and Peet's Coffee and Tea. JAB is paying $315 a share for the restaurant chain, which is a 20% premium to Tuesday's closing price. The United States Senate is plunging toward a historic rule change regarding the vote for Neal Gorsuch for Supreme Court. Senators debated for hours, sometimes bitterly, in support and opposition to Gorsuch. Senate Democrats are expected to filibuster the nomination and Senate Republicans are expected to invoke what's called a 'nuclear option' to get Gorsuch's appointment to the Supreme Court approved. Overnight, North Korea fired a ballistic missile, according to officials. The move takes place on the eve of China's President Xi meeting with U.S. President Trump.

Companies interested in working on President Trump's promised wall along the United States-Mexico border must turn in their bids today. Roughly 20 companies will be chosen by the Federal Government to build the wall, which is estimated to cost $20 billion. Verizon )has announced its new name for the combined Yahoo! and AOL. It's called Oath. The New York Times says it's getting mixed reactions from customers and those in the media industry. The brand will apply to the digital media division of Verizon after it buys Yahoo's internet assets for $4.48 billion. The Verizon takeover of Yahoo is expected to close by the end of June. The North Carolina Tar Heels won the NCAA Men's Championship game last night. it was the 3rd championship for coach Roy Williams and the 6th for the Tar Heels. The final score was North Carolina 71 to Gonzaga's 65.

The Dow Jones Industrial Average outpaced broader markets on Tuesday in an unsettled day of trading. Losses in the consumer space extended into day two. The sector had sold off on Monday after disappointing monthly auto sales from Ford and General Motors . Richmond Federal Reserve President Jeffrey Lacker tendered his resignation Tuesday after improperly sharing information with an analyst back in 2012. Lacker broke confidentiality rules when he offered information to Medley Global Advisors regarding the Fed's September meeting in 2012. Amazon ended at another record after a bullish note from BMO Capital Markets. Analyst Daniel Salmon raised his price target to $1,200 and backed his outperform rating, noting that Amazon could benefit from the "significant emerging opportunity" in advertising. Salmon expects Amazon ad revenue to rise 65% to $3.5 billion this year. U.S. handbag maker Kate Spade slumped 15% on reports it will spend a few more weeks negotiating a potential sale of the company after receiving an offer last week from Coach .

Investors kick off a new week and a new quarter today. The Dow Jones Industrial Average and S& P 500 have been higher for 6 quarters in a row. The NASDAQ had the best quarter in the first quarter since 2013. The blue chips logged a gain in the first quarter of 4.56%. Tesla said it delivered just over 25.000 vehicles in the first quarter, up 69% from a year ago and a new record for the electric car maker. The number was better than expected. Most of the vehicles delivered were Model S. The Senate Judiciary committee considers the nomination of Neal Gorsuch to the United States Supreme Court. The vote is expected to fall along party lines. Also, President Donald Trump says the U.S. will act alone if China fails to reign in North Korea, although he did not say exactly what that would entail. China's President will meet with President Trump this Thursday in Florida.

Wall Street suffered modest losses to begin the second quarter after disappointing auto sales for March and as manufacturing activity expanded at a slower pace. Cyclical consumer goods, financials and utilities stocks were the worst performers. Economic activity in the manufacturing sector slowed in March, though remained in expansion territory, according to the ISM Manufacturing Index. New orders, production and employment rose, while inventories contracted. Construction spending rebounded in February as warmer weather encouraged activity. However, the measure did not meet expectations for the month. Under Armour was slightly lower after FBR Capital downgraded its rating to UNDERPERFORM from MARKET PERFORM. The firm based the downgrade on recent channel checks and fiercer competition.