The Dow Jones Industrials removed 127.93 points to finish the day and the week at 33,926.01, even as Apple shares gained.
The S&P 500 lost 43.28 points, or 1%, to 4,136.48.
The NASDAQ Composite stepped back 193.86 points to 12,006.95.
Regardless, the broader market index and NASDAQ notched a positive week. The S&P 500 closed the week higher by 1.6%. The NASDAQ gained 3.3%, posting its fifth-straight winning week as it rode a tech-fueled rally to outperform the other major indexes. Meanwhile, the Dow was the outlier, down 0.2%.
Wall Street also digested earnings results from major tech companies. Apple shares jumped 2.4%, reversing earlier losses after missing estimates on the top and bottom lines in its most recent quarterly report. Meanwhile, Google-parent Alphabet fell 2.8% following disappointing results. Amazon’s stock also declined 8.4% in its worst day since April after the e-commerce giant’s report, though it still notched a 1.1% gain on the week.
Investors absorbed a much-stronger-than-expected January jobs report. The U.S. economy added 517,000 jobs in January, blowing past Dow Jones estimates of a jobs gain of 187,000 last month.
Prices for the 10-year Treasury staggered, lifting yields to 3.53% from Thursday’s 3.39%. Treasury prices and yields move in opposite directions.
Oil prices faded $2.65 to $73.23 U.S. a barrel.
Gold prices slumped $52.70 to $1,878.10 U.S. an ounce.