U.S. Stocks Slip Despite Strong Jobs Report; Apple Turns 40

U.S. stocks kicked off the first session of the second quarter to the downside, despite a better-than-expected March jobs report. The economy added 215,000 jobs during the month, beating expectations of 210,000. 'This is a very solid report - right in line with an ongoing economic recovery,' said Ben Garber, an economist with Moody's Analytics, based in New York. Wages rose 0.3 percent during the month. Plus, Apple (AAPL) - Get Report turned 40 on Friday. Steve Jobs and Steve Wozniak started to company out of a garage in California. The Apple I computer starting selling in July of 1976. Plus, a new report from Gartner Research said smartphone sales are set to grow by just single digits in 2016 for the first time ever. Some 1.5 billion smartphones are expected to be sold this year, a 7 percent year-over-year increase. TheStreet's Scott Gamm reports from New York.