Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected. Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve.
The S&P 500 ended 0.1 percent lower Friday after giving up a midday gain. The Dow Jones Industrial Average fell 0.2 percent and the Nasdaq composite fell 0.2 percent.
GameStop, the struggling video game retailer at the center of the current meme stock craze, plunged 39 percent after reporting another loss and announcing plans to sell up to 75 million more shares.
On Friday:
The S&P 500 fell 5.97 points, or 0.1 percent, to 5,346.99.
The Dow Jones Industrial Average fell 87.18 points, or 0.2 percent, to 38,798.99.
The Nasdaq composite fell 39.99 points, or 0.2 percent, to 17,133.13.
The Russell 2000 index of smaller companies fell 22.89 points, or 1.1 percent, to 2,026.55.
For the week:
The S&P 500 is up 69.48 points, or 1.3 percent.
The Dow is up 112.67 points, or 0.3 percent.
The Nasdaq is up 398.11 points, or 2.4 percent.
The Russell 2000 is down 43.57 points, or 2.1 percent.
For the year:
The S&P 500 is up 577.16 points, or 12.1 percent.
The Dow is up 1,109.45 points, or 2.9 percent.
The Nasdaq is up 2,121.77 points, or 14.1 percent.
The Russell 2000 is down 0.52 points, or less than 0.1 percent.
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