The S&P 500 index rose during these moments of trading on Friday, as the index hovers near record levels and is on track to achieve another weekly gain during the holiday-shortened trading week.
The broad market index traded up about 0.14%. The Dow Jones Industrial Average fell 30 points, or 0.1%, while the Nasdaq Composite Index rose about 0.5%.
The S&P 500 is up 16% this year, with the index posting its fourth positive week in the past five, as investors bet that any economic weakness later this year will be met with an interest rate cut by the Federal Reserve.
Employment data and interest bets
Traders' bets on a Federal Reserve rate cut at its September meeting were confirmed after the US jobs report was released on Friday.
Interest rate futures recently showed that traders believe there is a 76% chance the Fed will cut rates at its September meeting or earlier, compared with 74% on Wednesday before the Fourth of July holiday.
The U.S. economy added slightly more jobs than expected in June, the Bureau of Labor Statistics said in its monthly employment report, while the unemployment rate rose to a higher-than-expected level and was higher than previously reported, while average hourly earnings fell year-over-year and month-over-month.
