The S&P 500 Index and Nasdaq Composite rose to another record high on Friday following November's better-than-expected jobs report. The broader market index rose nearly 0.3% to settle at 6,090.27, while the tech-heavy index added over 0.8% to close at 19,859.77. The Dow Jones Industrial Average, however, fell over 100 points, reflecting recent weakness as bullish sentiment continues on Wall Street.

Here's how the maker settled on to close out the week:

S&P 500 Index (SPY  ): +0.25% or +15.16 points to 6,090.27

Dow Jones Industrial Average (DIA  ): -0.28% or -123.19 points to 44,642.52

Nasdaq Composite Index (QQQ  ): +0.81% or +159.05 points to 19,859.77

Moving Markets:

Nonfarm Payrolls totaled 227,000 in November, according to the Labor Department's report Friday, compared with October's upwardly revised print of 36,000 and above estimates -- signaling a labor market rebound from the previous month's weakness driven by Boeing's (BA  ) machinist strike and natural disasters in the Southeast. September's total was also upwardly revised to 255,000 from its previous estimate of 214,000.

Consumer Sentiment rose in December's preliminary reading, according to the University of Michigan's survey, ticking up to 74 from November's final print of 71.8. Notably, sentiment continued to reflect recent shifts in expectations based on political ideologies following the U.S. presidential election.

"Throughout this month's interviews, Democrats voiced concerns that anticipated policy changes, particularly tariff hikes, would lead to a resurgence in inflation," said Joanne Hsu, director of Surveys of Consumers, in a statement. "Republicans disagreed; they expect the next president will user in an immense slowdown in inflation."

Holiday Season:

Bank of America economist Aditya Bhave wrote in a Thursday note that consumers chose to shop mostly online over the Black Friday holiday weekend.

"Online retail spending (card not present) in the week ending Nov 30 was up 7.9% relative to the week ending the day after Black Friday in 2023," Bhave said. "But brick & mortar retail was down 0.3%, even though there were gains in nearly every spending category."

Bhave noted, however, that the Thanksgiving holiday was five days later in 2024 compared to 2023, which could have driven more spending due to consumers having a shorter holiday season.

In the News:

Sports betting stocks DraftKings (DKNG  ) and FanDuel (FLUT  ) each ticked lower Friday after U.S. Federal Trade Commission (FTC) Chair Lina Khan wrote an inquiry to the U.S. Department of Justice dated Thursday, alleging that both companies may be engaging in anti-competitive conduct.

"We write to raise concerns regarding FanDuel's and DraftKings' conduct that may be violating Section 1 of the Sherman Act prohibition on coordination to obstruct or impair competition," Khan writes. "Shortly after their failed merger, FanDuel and DraftKings expanded their dominance by leveraging their positions in fantasy sports to become online sports betting giants. FanDuel and DraftKings may be compounding these harms through anticompetitive conduct."