U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday's surprisingly weak jobs report.

Labor Department data showed U.S. employers last month added 126,000 jobs, the lowest number in more than a year and well below expectations.

In other economic news, ISM data showed the pace of growth in the U.S. services sector fell in March to its lowest level in three months, while a measure from Markit showed the sector expanded in March at its fastest pace since August.