Stocks were choppy after the December jobs report showed the labor market remains strong (good news), though this could keep interest rates higher for longer (bad news).
Ahead of the open, the Bureau of Labor Statistics said the U.S. added 216,000 new jobs in December, much higher than 175,000 economists were expecting. The unemployment rate remained unchanged at 3.7%, while wage growth accelerated at a faster monthly rate than what was seen in November.
