U.S. stock markets experienced mixed performance as investors awaited and reacted to key labor market data. On Thursday, the S&P 500 and Dow futures were little changed, while the Nasdaq futures inched higher. Nvidia continued its rally, contributing to the tech sector's performance. By the end of the day, U.S. stocks closed mostly flat, with the S&P 500 and Nasdaq Composite finishing slightly down, and the Dow posting a minor gain. The S&P 500 and Nasdaq retreated from record highs reached in the previous session. On Friday, futures remained steady as markets braced for the May jobs report. The report, released at 8:30 AM EST, showed stronger-than-expected job numbers, leading to a drop in U.S. stocks and a rise in bond yields. The robust jobs data prompted concerns that the Federal Reserve might delay cutting interest rates, resetting rate-cut outlooks and resulting in Wall Street's main indexes closing marginally lower after choppy trading.