The S&P closed at a record high Wednesday after stronger factory orders and growth in private payrolls, albeit at a slower than expected pace. The government's monthly jobs numbers for March are due April 4. Investors moved out of equity to bond ETFs over the past week, though traders said this was merely a sign of healthy market rotation. Value stocks such as banks are also being favored over growth stocks such as internet companies. Jane Searle speaks with Matt Cheslock at the NYSE.

More from Video

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

60 Seconds: What is the Yield Curve and Why is it Screaming Recession?

Coke Has Figured Out How to Stay Relevant (Watch)

Coke Has Figured Out How to Stay Relevant (Watch)

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar

Video: Jim Cramer on Rising Interest Rates, Trade Worries & Caterpillar