US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemployment rate.Tech stocks struggled in comparison following a steep decline on Thursday that saw the Nasdaq composite slip roughly 5%.US stocks traded mixed on Friday as traders weighed a better-than-expected August jobs report against the lingering effects of Thursday's tech-stock rout., slightly more than economist expectations. The unemployment rate also came in at 8.
The strong jobs report may help quell investor fears stoked after the Nasdaq composite index fell nearly 5% on Thursday, driven by sharp losses in market mega-caps like Apple, Facebook, and Tesla.
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