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For the week, the blue-chip Dow rose 0.3 percent, and the broader S&P 500 gained 0.6 percent, while the tech-heavy Nasdaq increased 0.9 percent.

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In April, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to 26.19 U.S. dollars. Over the year, average hourly earnings have risen by 65 cents, or 2.5 percent.

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Traders kept a close eye on the nonfarm payrolls to gauge whether the U.S. central bank could stay on its current path towards monetary policy normalization.

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