Stocks rose Friday, but closed off their session highs. The market got a lift from a solid jobs report and relief over Greece’s bond swap, but pulled back in the wake of news that the swap counts as a “credit event,” or basically a default.

The Nasdaq tacked on 0.6%, the S&P 500 0.4% and the Dow Jones industrial average 0.1%. Volume declined from Thursday’s levels on both main exchanges, taking some punch out of the move higher.

After the close, shares of Michael Kors (KORS) plunged. The company announced a secondary stock offering. The luxury apparel company had just hit a new high in regular trading as it continued a heated advance.

For the week, the Nasdaq rose 0.4%, while the S&P 500 edged up 0.1%. Each index advanced for a fourth straight week, fighting back from sizable losses suffered earlier in the week. The Dow lost 0.4% for the week.

Economic news mostly was positive Friday. The government jobs report for February showed better-than-expected growth, with non-farm payrolls increasing by 227,000 and the unemployment rate staying at 8.3%. On the downside, the U.S. trade deficit widened for a third straight month.

In the late afternoon Friday, the International Swaps and Derivatives Association said Greece’s bond swap counts as a “credit event,” meaning holders of credit default swaps likely will be entitled to compensation estimated at $3.2 billion. Analysts have said the ISDA’s announcement was expected and the amount is less than feared.

Among IBD 50 stocks on Friday, Sourcefire (FIRE) gained 5% in above-average volume and touched a new all-time high. The maker of security software and hardware climbed back above a 46.39 buy point from a short-stroke pattern that it first cleared Monday. It closed 4% beyond 46.39, leaving it near the upper limit of a possible buy zone.

Ulta Beauty (ULTA), another IBD 50 name, reversed from a high and finished about flat Friday. The stock was up as much as 3% in reaction to its better-than-expected Q4 results, out late Thursday. Ulta’s earnings and sales grew 52% and 23%, respectively. Despite the reversal, it’s still well extended past a 75.80 buy point from a cup-shaped consolidation.

Starbucks (SBUX) jumped 3% in big turnover, helped by the company’s plans to sell single-serve coffee makers. The company, which announced the plan late Thursday, has hit an all-time high and is now well extended past a buying range after lifting off support at its 10-week moving average. Starbucks sports an IBD Composite Rating of 96, near the best-possible grade of 99. Green Mountain Coffee Roasters (GMCR), which makes the Keurig single-serve brewers, plunged 16% Friday on the news.

On Monday, Clean Energy Fuels (CLNE) is among the companies expected to report quarterly earnings. The day’s economic news will include the Treasury’s monthly account of the surplus or deficit for the federal government.