Stocks gyrated wildly throughout Friday's session as tech shares tried to recover from a massive sell-off in the previous session.
. The Dow was down more than 600 points at one point. All the major benchmarks fell for the week as tech shares declined., the Labor Department said. Economists polled by Dow Jones expected the rate to decline to 9.8%. As for overall jobs creation, employment in the U.S. grew by 1.37 million in August, topping an estimate of 1.32 million. "The jobs data today were solid," said Jamie Cox, managing partner at Harris Financial Group. "However, now the real work begins.
JPMorgan Chase and Citigroup both gained 2% as traders rotated into more beaten-down names. Boeing also climbed 1.4%. Apple, meanwhile, closed slightly higher after a late-day rally. Tesla ended the session 2.8% higher after dropping as much as 8.6%.It will be a shortened trading week as U.S. markets are closed on Monday for Labor Day.for exclusive insights and analysis, and live business day programming from around the world.
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