The S&P 500 fell on Friday after a surprisingly strong jobs report for January. The S&P 500 still posted gains last week, while the Nasdaq rose for a fifth straight week, the longest streak since late 2021. US job growth accelerated, with nonfarm payrolls rising by 517,000 in January well above market estimates of 185,000. The unemployment rate fell to 3.4% last month. shares of

apple inc AAPL

rose 2.4% on Friday after the company released financial results for the first quarter.

alphabet inc Google

Shares fell 2.8% after the company reported mixed Q4 results. The company reported a year-over-year decline in Google advertising revenue. All major sectors of the S&P 500 ended on a negative note, with consumer discretionary and communications services stocks posting the biggest falls on Friday. The Nasdaq 100 fell 1.79% to close at 12,573.36 on Friday amid losses

Amazon.com, Inc.AMZN

And

microsoft corpMSFT

. The S&P 500 lost 1.04% while the Dow Jones fell 0.38% to 33,926.01 in the previous session. The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 2.1% to 18.33 points on Friday. What is the CBOE Volatility Index? The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on call and put options of the S&P 500 index. Continue reading:

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