March Jobs Report: Everything You Need to Know - News Summed Up

March Jobs Report: Everything You Need to Know


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



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