12:44 PM EST, 03/08/2024 (MT Newswires) -- US equity indexes were mixed after midday Friday, and gold extended a rally to a record as investors weighed the February jobs report.

The S&P 500 slid 0.2% to 5,145.3, and the Nasdaq Composite fell 0.6% to 16,178.2, erasing earlier gains. The Dow Jones Industrial Average rose 0.2% to 38,872.8. Real estate led gainers, while technology paced the decliners.

Nonfarm payrolls rose by 275,000 last month, the Bureau of Labor Statistics reported Friday. The consensus was for a 200,000 gain in a survey compiled by Bloomberg. January gains were revised lower by 124,000 to 229,000 and by 43,000 for December. The unemployment rate rose to 3.9% from 3.7%, beating the consensus for no change. Average hourly earnings climbed 0.1%, lagging behind the Street's 0.2% forecast. On an annual basis, wages climbed 4.3%, in line with market expectations.

Gold for April delivery on the Comex rose 1.6% to $2,200 per troy ounce after reaching a record $2,203. Silver climbed 0.3% to $24.65 per troy ounce.

The US 10-year Treasury yield was little changed at 4.09%, while the two-year fell 3.4 basis points to 4.48%.

West Texas Intermediate crude oil fell 1% to $78.11 per barrel intraday.

In company news, Costco Wholesale ( COST ) slumped 7.4%, the biggest decline on the S&P, after growth in the retailer's fiscal Q2 net sales missed the market consensus.

Marvell Technology ( MRVL ) shares tumbled 9.3%, the biggest drop on the Nasdaq, after the company's fiscal Q1 earnings forecast trailed market estimates.