U.S. stocks retreated on Friday as a stronger U.S. dollar weighed on commodity prices, overshadowing an earlier boost from a better-than-expected jobs report.

* The non-farm payrolls report was a welcome sign that the economy recovery is gaining strength, but at the same time it sparked concern that the Federal Reserve might have to raise interest rates earlier than anticipated.

* The Dow Jones industrial average <.DJI> slipped 23.05 points, or 0.22 percent, to 10,343.10. The Standard & Poor's 500 Index <.SPX> lost 0.12 points, or 0.01 percent, to 1,099.80. The Nasdaq Composite Index <.IXIC> added 4.42 points, or 0.20 percent, to 2,177.56. (Reporting by Leah Schnurr)