The S&P 500 and the Nasdaq dropped on Friday as chip stocks fell after a sharp rally, while a strong jobs report reinforced hopes of tighter Fed monetary policy.
At the opening bell, the Dow Jones Industrial Average rose 48.1 points, or 0.09%, to 51610.02. The S&P 500 fell 47.0 points, or 0.62%, to 7537.36, while the Nasdaq Composite dropped 294.4 points, or 1.10%, to 26,536.593.
