US stocks notched a weekly gain after a strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to keep raising interest rates to fight inflation.
The S&P 500 closed flat on Friday after struggling for direction throughout the session. The Nasdaq 100 rose, scoring its longest winning streak this year. Treasuries slumped, with the two- and 10-year yield curve remaining inverted for the fourth straight day. The Bloomberg Commodity Index suffered its longest streak of weekly losses since March 2020.