Wall Street Holds Steady as Yields Rise Following Strong Jobs Data

NEW YORK—Wall Street is holding relatively steady Friday after a report showed a strong job market is still powering the economy, even if it may be a touch too strong.

The S&P 500 was 0.1 percent higher in early trading but still on track for its first losing week in the last 10. The Dow Jones Industrial Average was down 4 points, or less than 0.1 percent, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.1 percent higher.

Treasury yields climbed in the bond market after the jobs report showed U.S. employers unexpectedly accelerated their hiring last month. Average hourly pay for workers also rose, when economists had been forecasting a dip.


Read Full Article Here