A look at highlights from the day's business news:
Stocks slide, day 2
Stocks slumped Friday in a choppy session as investors mulled the Greek debt crisis and the April jobs report in the aftermath of one of the most gut-churning days in Wall Street history.
The Dow Jones industrial average lost 148 points, or 1.4 percent, after seesawing in the morning, having gained as much as 59 points and lost as much as 279 points. The S&P 500 index lost 18 points, or 1.6 percent. The Nasdaq composite lost 52 points, or 2.3 percent.
Tech shares slumped across the board, including IBM, Hewlett-Packard, Cisco Systems and Microsoft. But losses were pretty spread out, with 21 of 30 Dow components sliding. Gains in JPMorgan Chase and Chevron helped protect the Dow from bigger losses.
Stocks were extremely volatile throughout the session, with the major indexes criss-crossing the breakeven line several times during the day. Investors looked past a big rise in April payrolls and instead focused on
Treasurys choppy after Dow's seesaw ride
Treasury prices were down, then up, then down again in choppy trading Friday, one day after the stock market took a wild seesaw ride featuring a near 1,000-point nosedive.
What prices are doing: At the closing bell, the benchmark 10-year note was down 7/32 to 101-22/32, with a higher yield of 3.43 percent. Bond prices and yields move in opposite directions.
The 30-year bond fell 1-8/32 to 105-28/32 with a 4.28 percent yield. The 2-year note edged down to 100-12/32 with a 0.83 percent yield. The 5-year note slipped to 101-18/32, yielding 2.17 percent
What's moving the market: Doubts that Greece's aid package would curb defaults in other debt-strapped euro zone countries have recently sent investors seeking the safety of U.S. Treasurys, which are considered low risk. But rather than sticking to their upward trend Friday, bond prices fluctuated throughout the day.
Oil prices turn lower
Oil prices fell for the fourth straight day, following U.S. stocks, as investors remained bearish about Europe's prospects.
Gasoline prices fell for the first day in five, dipping to $2.922 a gallon from $2.929 the day before, according to motorist group AAA.
What prices are doing: Crude oil for June delivery fell $2 to settle at $75.11 a barrel Friday, after dropping more than 3 percent the day before.
Crude prices surged Monday amid optimism about Greece's $146 billion bailout and the possibility that the Gulf of Mexico spill could halt supply. But the gains quickly faded, sending prices down some $9, or 11 percent, as fears of that the European debt crisis could spread shook the global markets.
Despite the whipsaw action, crude prices are still nearly 30 percent higher than this time last year.
What's moving the market: Crude prices dropped amid choppy trading as lower U.S. stocks and persistent concerns over instability in Europe overshadowed a better-than-expected jobs report
Dollar mixed after jobs report
The dollar was mixed Friday, unaffected by a strong April jobs report as investors recovered from the wild U.S. market in the previous session.
What prices are doing: The dollar was down 0.7 percent against the euro to $1.270. But it rose 0.5 percent versus the British pound to $1.476, following Thursday's general election in the United Kingdom that resulted in a hung Parliament.
The greenback was up 1.3 percent against the yen to ¥91.82.
What's moving the market: The dollar has gained against the euro in recent weeks as the Greek debt crisis and contagion fears sent investors fleeing to safe-haven currencies.
CNNMoney.com reporters Chavon Sutton, Annalyn Censky and Alexandra Twin contributed to this report.