A late rally gave Wall Street a modest advance Friday after a lackluster employment report made investors wonder about the pace of economic growth and inflation. The major indexes each gained more than 1 percent this week.
The Labor Department said U.S. employers added 56,000 jobs last month, half the 100,000 increase projected by economists.
The Dow Jones industrial average rose 8.17, or 0.08 percent, to 10,530.76.
Broader stock indicators were also higher. The Standard & Poor's 500-stock index was up 0.20, or 0.02 percent, at 1220.14, and the Nasdaq composite index added 9.21, or 0.43 percent, to 2169.43.
Bonds extended their slide after falling to eight-month lows the day before.
The yield on the 10-year Treasury note rose to 4.66 percent, from 4.65 percent late Thursday.
The dollar was mostly lower against most major currencies. Gold prices fell.
Inflation worries were renewed when the Labor Department reported that average hourly earnings rose 0.5 percent last month, ahead of estimates for a 0.2 percent gain. Higher wages benefit workers but could lead to increased prices as their employers' costs rise.
Stocks finished the week up as the third-quarter earnings season wound down and with few major economic reports expected next week. For the week, the Dow rose 1.23 percent, the S&P 500 climbed 1.81 percent and the Nasdaq jumped 3.81 percent.
Oil prices fell the day after expectations for greater demand this winter drove up prices more than $2 a barrel. A barrel of light crude dropped $1.20 to $60.58 on the New York Mercantile Exchange.
Expedia rose $2.02, to $22.73. The online travel agent said Thursday that earnings rose 41 percent, exceeding Wall Street targets.
Oracle rose 41 cents, to $12.61, despite the news that co-president and financial chief Gregory B. Maffei is leaving next week after four months on the job.
Apple Computer lost 70 cents, to $61.15. Prudential Equity lowered the company one notch to "neutral," saying the stock is fairly valued after reaching a recent 52-week high.
Merck fell 26 cents, to $29.22. The day before, the drugmaker's victory in a trial over its Vioxx painkiller lifted shares almost 4 percent.
Sanmina-SCI rose 75 cents, to $4.41. The electronics maker said sales this quarter will total as much as $2.9 billion, above estimates.
Halliburton fell $3.57, to $61.11, its biggest drop in about a month.
New York Stock Exchange composite index fell 27.25, to 7507.56.
American Stock Exchange index fell 9.52, to 1684.69.
Russell 2000 index of smaller-company stocks fell 0.61, to 658.16.
NYSE: 2.05 billion shares, down from 2.71 billion on Thursday. Decliners outnumbered advancers 9 to 8.
Nasdaq: 1.72 billion shares, down from 2.34 billion. Advancers outnumbered decliners 2 to 2.
Crude oil for December delivery: $60.58, down $1.20.
Gold for current delivery: $456.30 a troy ounce, down from $460.10 on Thursday.
Bloomberg News contributed to this report.