The Labor Department's closely watched jobs report showed nonfarm payrolls fell by 33,000 in September as hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring. A bright spot was a better-than-expected rise in average wages.
"It's been amazing how resilient our US stock market has been, going up on no news or bad news, so there's no surprise on a day where most people feel it was a mixed jobs report at best that the market actually is reacting in a way that makes sense," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
"It's a logical move for this illogical stock market."
The Dow Jones Industrial Average fell 1.72 points, or 0.01 per cent, to end at 22,773.67, the S&P 500 lost 2.74 points, or 0.11 per cent, to 2,549.33 and the Nasdaq Composite added 4.82 points, or 0.07 per cent, to 6,590.18.
The benchmark's slight decline follow a six-day run of record closing highs, its longest since 1997.
The CBOE Volatility index, Wall Street's fear gauge, bounced sharply after setting a record low close in the previous session.
Adding to the day's worries was a report that North Korea is preparing to test a long-range missile.
S&P energy index declined 0.8 per cent as oil prices fell amid a bout of profit taking and the return of oversupply worries.
Shares of Costco dropped 6 per cent after the warehouse club retailer reported a fall in gross margins. The stock was the biggest drag on the S&P 500 and the Nasdaq.
Declining issues outnumbered advancing ones on the NYSE by a 1.74-to-1 ratio; on Nasdaq, a 1.11-to-1 ratio favoured decliners.
About 5.7 billion shares changed hands on US exchanges. That compares with the 6.2 billion daily average for the past 20 trading days, according to Thomson Reuters data.