The Dow Jones Industrials came out of its abyss and pointed upward 4.31 to 33,489.60.
The broader index fell 17.38 points to 4,087.64.
The NASDAQ tumbled 82.35 points to 12,005.60.
Tech stocks struggled, with shares of Apple falling 2.2% and Google-parent Alphabet sliding 2.1%. Tesla shares fell 3.2% after the company said it will cut prices again on some electric vehicles.
They’ll also get the first batch of companies reporting first-quarter financial results. Tilray Brands kicks things off Monday. The major banks – JPMorgan Chase, Wells Fargo and Citigroup – will report on Friday.
Markets are coming off a choppy week as investors digested signs of a weakening labor market. However, the March jobs report on Friday showed a resilient economy and moderate inflation, which pushed stock futures and Treasury yields higher. The New York Stock Exchange was closed for Good Friday.
Non-farm payrolls grew by 236,000 for the month, about in line with the Dow Jones estimate of 238,000, the Labor Department reported.
The unemployment rate fell to 3.5%, against expectations that it would hold from the previous month at 3.6%.
Investors are in for a busy week of economic data, including the latest consumer price index and producer price index data – due out Wednesday and Thursday, respectively – which will be key in determining if or when the Fed will pause or put an end to its rate hiking campaign.
Prices for the 10-year Treasury dipped, lifting yields to 3.42% from Thursday 3.30%. Treasury prices and yields move in opposite directions.
Oil prices faltered 62 cents to $80.08 U.S. a barrel.
Gold prices declined $22.70 to $2,003.70 U.S. an ounce.