U.S. equities rose in choppy trade Friday following a strong jobs report, while investors were already looking ahead to a Federal Reserve meeting next week.
The Dow Jones industrial average gained around 45 points, with UnitedHealth Group contributing the most gains. The S&P 500 gained a third of a percent, with utilities outperforming. The Nasdaq composite advanced 0.4 percent.
The major indexes, however, posted weekly losses, with the S&P and Nasdaq snapping six-week winning streaks. The Dow snapped a four-week winning streak.
The Fed is scheduled to meet next week with most market participants expecting the central bank to tighten U.S. monetary policy. According to the CME Group's FedWatch tool, market expectations for a March rate hike stood at 93 percent.
"The jobs report is old news now. We're all looking ahead to the rate hike," said JJ Kinahan, chief market strategist at TD Ameritrade. He also said: "I think people may be taking a bit of risk off the table ahead of some major global news."