Stocks closed higher at the end of wild trading session following the Labor Department's better-than-expected February jobs report, rallying back from a sharp sell-off earlier in the session as bond yields eased. The S&P 500 trading up almost 2% after falling 1% in earlier trading, the Dow Jones climbed over 600 points after sinking as much as 150 points, and the Nasdaq swung from a 2.6% drop to a 1.4% gain. Market benchmarks rebounded as the 10-year U.S. Treasury yield declined back to 1.56% after rising above 1.6% earlier in the session.

The market averages ended the week mixed, with the S&P 500 adding 0.81% and the Dow climbing 1.82%, but the Nasdaq fell 2.06% amid this week's pressure on tech stocks.

The U.S. economy added 379,000 non-farm payrolls in February, well above the 200,000 expected. The unemployment rate also unexpectedly improved to 6.2%, down slightly from January's 6.3%. January payrolls also gained more than previously reported, with the data revised to 166,000 from the 49,000 first totaled.

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

S&P 500 Index (SPY  ): +1.95% or +73.31 points to 3,841.78

Dow Jones Industrial Average (DIA  ): +1.86% or +573.80 points to 31,497.88

Nasdaq Composite Index (QQQ  ): +1.55% or +196.68 points to 12,920.15

For Stocks, Virgin Galactic (SPCE  ) shares dropped after a filing showed that chairman Chamath Palihapitiya sold 6.2 million of his personal shares for about $213 million.

For Sector Performance, every sector on the S&P 500 closed in positive territory at the end of Friday's broader market rally. Health Care (XLV  ), Consumer Staples (XLP  ), Materials (XLB  ), Communication Services (XLC  ) and Industrials (XLI  ) rose over 2%, while Energy (XLE  ) led gains by over 3.8%.

For Commodities and Currency, the U.S. Dollar (UUP  ) jumped higher on Friday after fresh U.S. employment data showed more jobs growth than expected for February. The dollar index, which tracks the greenback against six other rival currencies, rose 0.30% to 91.906, after reaching as high as 92.201 during the session. Gold (GLD  ) prices slipped lower on Friday as positive U.S. employment data strengthened the dollar, tarnishing the yellow metal's appeal. Spot gold was down 0.1% to $1,695.22 per ounce, while U.S. gold futures settled 0.4% lower at $1,693.10 per ounce. Crude oil futures popped higher on Friday following the better-than-expected U.S. jobs report and OPEC+'s latest decision to continue its supply curbs into April. International benchmark Brent Crude (BNO  ) rose 3.2% higher at $68.84 per barrel, while domestic index West Texas Intermediate (USO  ) climbed 2.9% to $65.70 each.

For the week ahead, market participants will focus on headlines surrounding the Congressional lawmakers debate over the $1.9 trillion coronavirus relief package.