(CNBC) U.S. equities closed higher on Friday, with the three major indexes posting weekly gains, following a disappointing employment report.
The Dow Jones industrial average closed about 70 points, with Boeing contributing the most gains. The index briefly traded more than 100 points higher shortly after the open.
The S&P 500 rose about 0.4 percent, with utilities leading advancers. The Nasdaq gained 0.4 percent. The three indexes also posted weekly gains of about 0.5 percent.
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"We had a jobs report slightly below expectations, but that was after two months of higher-than-expected jobs growth," said Jeffrey Kleintop, chief global investment strategist at Charles Schwab, noting the report did not take a rate hike off the table for 2016. "The dollar is up, supporting this view. ... Some of the financial stocks are also pointing in that direction."