Jobs report is much better than expected

Nonfarm payrolls increased by 336,000 for the month, much better than the Dow Jones consensus estimate for 170,000, the Labor Department said Friday.
Bond yields popped and stock futures fell in reaction as the strong numbers could allow the Federal Reserve to keep hiking rates.
There was some good news on the inflation front in the report, however. Average hourly earnings increase 0.2% for the month and 4.2% from a year ago, compared to respective estimates for 0.3% and 4.3%.
Though traders remained focused on the stronger-than-expected jobs figure and what that means for the Fed. $Dow Jones Industrial Average(.DJI.US)$ $Nasdaq Composite Index(.IXIC.US)$ $S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $SPDR S&P 500 ETF(SPY.US)$