In the bond market, Treasury yields gained ground. The yield on the 10-year Treasury rose to 4.47% from 4.39% late Thursday. The two-year Treasury yield, which more closely tracks traders’ expectations for what the Federal Reserve will do with overnight interest rates, rose to 4.00% from 3.92% late Thursday.

Wall Street is bracing for a series of labor-market data releases this week, including the government’s benchmark reading for May job gains, as investors look through tariff-related headlines and into the true effects of President Donald Trump’s economic strategy.