U.S. stocks capped a mixed session Friday by striking solid weekly gains as investors seemingly took in stride dismal data on the unemployment front, with the Labor Department reporting the steepest monthly job losses in five years.

“The market is reacting well to what two months ago would have been disastrous news,” said Art Hogan, chief market strategist at Jefferies & Co.

After volatile moves in a 100-point trading range, the Dow Jones Industrial Average closed down 16.61 points to 12,609.42, giving it a weekly gain of 3.2 percent.

Of the Dow’s 30 components, 17 settled with losses.

General Motors Corp. paced Dow decliners, off 4.7 percent, with the automaker’s stock hit by word that a plan under which auto-parts manufacturer Delphi Corp. – a key supplier to GM – would emerge from bankruptcy suffered a blow. Shares of Delphi plunged 8.4 percent.

Financial stocks lost ground, with the Financial Select Sector SPDR down 1.4 percent. Within the Dow, shares of American Express Co. fell 1.2 percent, while J.P. Morgan Chase & Co. shed 1.5 percent.

The S&P 500 gained 1.09 points, to 1,370.40, giving it a 4.2 percent rise from where it stood one week ago.

Of the S&P sectors, materials fronted the benchmark’s gains, rising 1.8 percent, followed by energy, up 1.5 percent. Financials were down the most, off 1.9 percent, while telecommunications shed 1.5 percent.

The Nasdaq Composite climbed 7.68 points to 2,370.98, up 4.9 percent from where the tech-heavy index stood at Friday’s close one week ago.