Stocks ended higher Friday and on the week as the market absorbed jobs figures that fit in with other soft labor market readings this week. Stocks started the day higher but faltered through the afternoon as bond yields ticked up and megacaps, in particular, faded. Still, stocks advanced on the week with the S&P 500 rising about 2 percent.

The Dow Jones industrial average firmed 0.3 percent, the S&P 500 rose 0.2 percent, and the Nasdaq was flat. US Treasury yields rose, the dollar was mostly lower, and oil prices rallied to boost energy stocks, which outperformed.

Other outperforming sectors included homebuilders, banks, credit cards, and industrial metals. On the downside, airlines, media & entertainment, department stores, food & beverage, and cruise lines lagged. Tesla had a bad day to depress big tech.

Jobs figures Friday came in softer than expectations after lower job openings figures gave investors the same impression of slowing, which left markets pricing in 93 percent odds of no Federal Reserve rate hike this month and a 63 percent chance of no action in November either, according to the CME FedWatch tool.

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.