Stocks closed lower and Treasury yields rose Friday with much of Wall Street anticipating that the Federal Reserve will raise interest rates as soon as March despite a mixed report on the U.S. jobs market.

The downbeat finish capped the worst week for the S&P 500 technology sector since October 2020 and the biggest weekly drop for the tech-heavy Nasdaq in nearly a year.

The S&P 500 fell 0.4%, and the yield on the 10-year Treasury hit its highest level since COVID-19 began pummeling markets at the start of 2020. The benchmark index had been up 0.3% in the early going and then fell as much as 0.7% following the mixed reading from the U.S. Labor Department, which is usually the most anticipated piece of economic data every month.