Stocks gained ground Friday on Wall Street following a better-than-expected report on the U.S. job market. The gains were broad, with every sector in the S&P 500 rising.

U.S. stocks drifted lower as financial markets locked in their final moves before a highly anticipated update coming Friday about the U.S. job market.

U.S. stock indexes were set to open higher on Friday after a strong jobs report calmed worries over the health of the labor market, while Tesla shares rebounded on signs of cooling tensions between CEO Elon Musk and U.