U.S. stocks on course for weekly gains ahead of Labor Day weekend

All three major U.S. stock benchmarks were on track Friday afternoon to notch weekly gains ahead of the three-day holiday weekend honoring Labor Day. The Dow Jones Industrial Average
DJIA,
+0.33%
was on pace to advance 1.4% for the week, while the S&P 500
SPX,
+0.18%
was heading for a 2.5% rise and the Nasdaq Composite
COMP,
-0.02%
was on its way to potentially jump 3.2%, according to FactSet data, at last check. Stocks were trading mostly higher heading toward the closing bell as investors parsed jobs market data released by the Labor Department on Friday.  The U.S. stock market will be closed Monday to celebrate Labor Day.