The Dow Jones Industrial Average was little changed on Friday, erasing an earlier rally after the all-important jobs data crushed expectations.
The 30-stock index recovered 58.11 points to begin Friday at 42,069.70.
The much broader index picked up 19.2 points to 5,719.14
The NASDAQ Composite hiked 113.93 points to 18,032.41.
The Dow hesitated 0.6% and NASDAQ was off by 0.5%, on the week. The S&P 500 was poised to shed 0.3%.
Tesla, Amazon and Netflix were among the megacap tech names climbing on Friday, explaining the Nasdaq’s outperformance.
Stocks initially popped after data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.
Prices for the 10-year Treasury dropped making yields pop to 3.96% from Thursday’s 3.85%. Treasury prices and yields move in opposite directions.
Oil prices improved 57 cents to $74.28 U.S. a barrel.
Gold prices fell $5.40 to $2,673.80 U.S. an ounce
