Stocks fell Friday amid a volatile day of trading as investors digested a key labor market report with concerns over slowing economic growth and the Federal Reserve's more hawkish moves to combat inflation. The Dow Jones Industrial Average fell nearly 100 points, while the S&P 500 Index and Nasdaq Composite slipped 0.6% and 1.4% lower, respectively.

Wall Street is closing a dramatic week, underscored by the Dow posting both its best and worst days since 2020 in one week. For the week, the Dow finished down nearly 0.25% for its sixth consecutive negative week. The S&P 500 and Nasdaq posted losses of 0.2% and 1.4%, respectively, marking their fifth straight losing week.

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

S&P 500 Index (SPY  ): -0.57% or -23.53 points to 4,123.34

Dow Jones Industrial Average (DIA  ): -0.30% or -98.60 points to 32,899.37

Nasdaq Composite Index (QQQ  ): -1.40% or -173.03 points to 12,144.66

Nvidia to pay $5.5 million in SEC crypto mining settlement:

Nvidia (NVDA  ) will pay $5.5 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) that the chipmaker did not properly inform investors how cryptocurrency miners were rising demand for its graphics cards.

According to the SEC, Nvidia had failed to disclose how cryptocurrency mining was driving growth in the second and third fiscal quarters of 2018. The SEC found that Nvidia's sales staff in China at the time believed the increase demand for GPUs was due to crypto miniers, and Nvidia's senior management wanted to target that market.

U.S. economy added 428,000 jobs in April:

U.S. job growth continued in April as the unemployment rate remained near its pre-pandemic lows.

Non-farm payrolls rose 428,000 last month, according to the Labor Department's monthly report published Friday, topping consensus expectations for a gain of 380,000 and matching March's revised print.

Moreover, April's unemployment rate remained at 3.6%, above consensus estimates for decline of 3.5% and again matching March's rate.

The U.S. economy has added more payrolls each month throughout 2022, and April's gains represented growth above pre-pandemic trends. In 2019, payroll growth averaged about 164,000 per month.

Here's how benchmarks started trading after market open:

S&P 500 Index: -0.82% or -33.96 points to 4,112.91

Dow Jones Industrial Average: -0.74% or -243.43 points to 32,754.54

Nasdaq Composite Index: -1.12% or -138.38 points to 12,179.31