The S&P 500 advanced Friday after a better-than-expected January jobs report showed the economy is still growing solidly, giving major stock indexes weekly gains.
The technology-focused Nasdaq Composite jumped 1.6%, a day after the index posted its largest loss since September 2020. The S&P 500 climbed 0.5%. Both were bolstered by a 14% jump in shares of Amazon.com , which surged after the e-commerce giant said profit nearly doubled in the holiday period.