Stocks Ended Higher on Strong Jobs Report

U.S. stocks closed higher on Friday and finished the week on an upbeat note on the back of a better-than-expected jobs report. The Dow Jones Industrial Average gained 99.74 points, or 0.41%, to 24,456.48 for a weekly advance of 0.8%. The S&P 500 rose 23.21 points, or 0.85%, to 2,759.82 to close up 1.5% higher on the week. The Nasdaq Composite added 101.96 points, or 1.34%, to 7,688.39 for weekly gain of 2.4%.

U.S. and global oil benchmarks finished on a mixed note Friday, with both booking their first weekly losses in three weeks amid signs of rising crude supplies. August West Texas Intermediate crude tacked on 86 cents, or 1.2%, to settle at $73.80 a barrel. September Brent crude .shed 28 cents, or 0.4%, to $77.11 a barrel. For the week, WTI oil shed 0.5%, while Brent saw a weekly slide of 2.7%.