Stocks initially moved higher after the nonfarm payroll reports came out but began to take back those gains by midday. Rockwell Global Chief Economist Peter Cardillo liked the jobs report and felt it was solid, but he thinks the Ukraine crisis continues to weigh on the market. Cardillo says the payroll report showed increases in important sectors and a reduction in government jobs is a good thing, but the ongoing rhetoric keeps whipping the market back and forth.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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