Stocks appear to be taking their queue from falling benchmark rates in early going Friday after the release of the jobs report. While financials are the worst-performing S&P 500 sector, telecom, real estate, and utilities are up the most. Those sectors typically rise when yields fall because they pay high dividends that look more attractive in low-rate environments. The S&P and Dow are both up 0.1% as the session kicks off. The mixed jobs report sent Treasury yields lower, but hasn't weighed on the stock market at all.
Source: Wall Street Journal April 07, 2017 12:07 UTC