Stocks settled mixed Friday as market participants weighed the latest U.S. jobs report ahead of an extended holiday weekend. The Dow Jones Industrial Average climbed more than 100 points, while the S&P 500 Index ticked 0.2% higher and the Nasdaq Composite slipped below a negative flatline.

Here's how the market settled to close out the week:

S&P 500 Index (SPY  ): +0.18% or +8.11 points to 4,515.77

Dow Jones Industrial Average (DIA  ): +0.33% or +115.80 points to 34,837.71

Nasdaq Composite Index (QQQ  ): -0.02% or -3.15 points to 14,031.81

Despite August's overall losses, all three market benchmarks notched a winning week on Friday. The Nasdaq rose more than 3% and the Dow added 1.4% -- both posting their best weeks since July -- while the S&P gained 2.5% in its best week since June.

In the spotlight, the U.S. added a seasonally adjusted 187,000 non-farm payrolls in August, according to the U.S. Bureau of Labor Statistics report on Friday, topping expectations. Beneath the headline, the unemployment rate rose sharply higher at 3.8%, its highest since February 2022, while the labor force participation rate rose to 62.8%, its highest level since February 2020. Average hourly earnings rose 0.2% for the month and 4.3% annually, both coming in below expectations.

Market pariticpants took the latest jobs report as another sign inflation and the economy is slowing in the face of the Federal Reserve's high benchmark interest rates. Following the release, the CME Group's FedWatch tool showed investors are seeing a 93% chance that the Fed will hold rates at current levels at its upcoming policy meeting later this month.

On the earnings front, Dell Technologies (DELL  ) shares rose after the computer company posted strong second-quarter results. Morgan Stanley (MS  ) aslo names Dell a top pick for IT hardware on Friday, also boosting shares.

Broadcom (AVGO  ) shares fell after the chipmaker issued disappointing fourth-quarter revenue guidance despite reporting better-than-expected earnings and revenue in its latest quarterly results. The company is guiding for revenue of about $9.27 billion.

Lululemon Athletica (LULU  ) shares popped following its earnings and revenue beat. The athletic apparel retailer also raised its full-year guidance, expecting sales to be between $9.51 billion and $9.57 billion and profits in a range of $12.02 to $12.17 per share.

Several Wall Street firms including JPMorgan, Oppenheimer, and Evercore ISI downgrades Dollar General (DG  ) on Friday following the retailers disappointing earnings and revenue results for its latest quarter.

"Topline and margin pressure are greater than we anticipated and we believe investors will need to be patient. Moreover, Dollar General's ongoing traffic and market share loss amidst what we anticipate will be a softening consumer backdrop, disinflation, and student loan impact suggest further comp degradation is likely," Evercore ISI analyst Michael Montani wrote in a note Friday.

The stock market will be closed on Monday, September 4, in observance of the U.S. Labor Day holiday. Markets will open at normal trading hours on Tuesday, September 5.