Wall Street was mixed on Friday as a better-than-expected jobs report helped boost investor sentiment, but cautious guidance from Apple AAPL weighed on technology stocks.
The S&P 500 rose 10 points, or 0.37%, to 2,750.38 as of 9:36 AM ET (13:36 GMT), while the Dow increased 133 points, or 0.53%, to 25,514.48 and the tech-heavy Nasdaq Composite was down 4 points, or 0.06% to 7,429.73.
Nonfarm payrolls rose by 250,000 in October, higher than the consensus forecast. The jobless rate was also steady, while average hourly earnings advanced 0.2%, as expected.
The positive report supports the case for the Federal Reserve to increase interest rates in December and possibly beyond. Chances of a December rate hike are priced in at 77.6%, according to 's Fed Rate Monitor Tool.
Starbucks (NASDAQ:SBUX) was among the top gainers, jumping 7.77% after the Coffee chain posted record quarterly revenue. Boeing (NYSE:BA) gained 1.29%, while Advanced Micro Devices (NASDAQ:AMD) rose 2.03% and Berkshire Hathaway (NYSE:BRKa) inched up 0.60% ahead of its earnings results on Saturday.
Elsewhere, Apple (NASDAQ:AAPL) fell 5.42% after its first-quarter revenue guidance missed estimates and GoPro (NASDAQ:GPRO) decreased 14% after reporting a loss in the third quarter.
In commodities, Gold futures decreased 0.13% to $1,234.30 a troy ounce while crude oil futures fell 0.57% to $63.38 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.04% to 96.32.
