The U.S. dollar rallied on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.

The S&P 500 Index ($SPX) (SPY) today is down -1.58%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.82%. March E-mini S&P futures (ESH25) are down -1.

The U.S. dollar rallied across the board on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.