Shares of retailers and other consumer companies rose after a mixed jobs report eased concerns about mortgage yields and overheating in the economy.

The jobs report also showed robust growth in services-sector employment, the latest sign that the travel-and-leisure business is ramping back up rapidly, said one strategist. "This is perhaps an economy focused more and more on services, a time of Americans going out and experiencing all they've wanted to experience in terms of travel," said Quincy Krosby, chief market strategist at Prudential Financial.

"There's also a sense corporate America is normalizing, and having people come back into the workplace."

It was a wild week for "meme stocks" favored by day traders, but it ended relatively quietly, with Bed Bath & Beyond among the stocks falling modestly. Concern about rising mortgage rates and slowing applications had weighed on home-builder shares in recent weeks, said Ms. Krosby. 


 Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

06-04-21 1718ET