Stocks fell on Friday as traders reacted to September's jobs report, which showed the unemployment rate continues to decline--sparking concerns that the Federal Reserve will continue its aggressive rate hiking campaign. The Dow Jones Industrial Average fell over 600 points, while the S&P 500 and Nasdaq Composite slipped 2.8% and 3.8%, respectively.

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

S&P 500 Index (SPY  ): -2.80% or -104.86 points to 3,639.66

Dow Jones Industrial Average (DIA  ): -2.11% or -630.15 points to 29,296.79

Nasdaq Composite Index (QQQ  ): -3.80% or -420.91 points to 10,652.41

Friday's losses trimmed some of Wall Street's comeback from earlier in the week, with the Dow rising over 2%, while the S&P 500 added 1.5% and the Nasdaq ended the week 0.7% higher.

Driving the session, the U.S. economy added 263,000 jobs in September, while the unemployment rate fell to 3.5%, topping estimates for payrolls to increase by 255,000 and the unemployment rate to remain at 3.7%. However, September's payroll gain marked a declaration form August's print of 315,000 and posted the lowest monthly increase since April 2021.

Stocks fell following the report Friday morning, all the falling unemployment rate signaled that the Federal Reserve will need to do more to loosen the tight labor market in its effort to stabilize prices.

"The markets negative reaction may be a sign that investors are processing the likelihood that there will be no change in the Fed's aggressive playbook in the near term," Mike Lowengart, head of the model portfolio construction at Morgan Stanley's (MS  ) Global Investment Office, said in a note on Friday. "Keep in mind the next Fed decision isn't until early November, so much more data will need to be digested, not the least of which is next week's inflation gauge."

For stocks, shares of Advanced Micro Devices (AMD  ) tumbled on Friday after the chipmaker warned its third quarter revenue is expected to be lower than previously anticipated. The company reported preliminary Q3 revenue of about $5.6 billion late Thursday, well below its expected total of $6.7 billion, plus or minus $200 million.

AMD said the lower revenue guidance was due to a combination of a "weaker than expected PC market and significant inventory correction actions across the PC supply chain."

Elsewhere, Credit Suisse (CS  ) shares rose over 13% on Friday after the bank offered to buy back up to 3 billion Swiss francs of debt securities, and also confirmed it will sell its Savoy Hotel in Zurich's financial district.

In a statement on Friday, Credit Suisse said: "The transactions are consistent with our proactive approach to managing our overall liability composition and optimizing interest expense and allow us to take advantage of market conditions to repurchase debt at attractive prices."