Wall Street

S&P 500 dips, Treasury yields rise and dollar rallies following robust U.S. jobs report

Published by
Reuters UK

By Stephen Culp NEW YORK (Reuters) – The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as the session progressed. At close, the Nasdaq joined the bellwether index in the red and the blue-chip Dow reversed course to end in positive territory. [.N] Benchmark U.S. Treasury yields and oil prices headed higher as the stronger-than-expected payrolls data appeared to confirm the economy is not yet in recess…

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