NEW YORK (AP) — Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market.
The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain of 0.4%.
A surprisingly strong jobs report showed that employers are continuing to hire despite worries about a possible recession. But the data also likely keeps the Federal Reserve on track to raise interest rates sharply.
Treasury yields rose.
Despite its weak finish, the S&P 500 delivered just its third winning week in the last 14.