US stocks are mixed after solid job gains; Yields increase again

NEW YORK – US equities are mixed on Friday morning after their worst loss in three months and bond prices continue to fall. The Department of Labor said the economy continues to create jobs at a steady pace. The yield on the 10-year Treasury Bill has skyrocketed over the past three days and has not been as high since mid-2011. Some investors are worried that rising interest rates will slow the economy.

KEEPING THE SCORE: The S & P 500 index rose 2 points, or 0.1%, to 2,903 at 10:00 am ET. The Dow Jones Industrial Average rose 6 points to 26,634. The Nasdaq composite lost 19 points, or 0.3%, against 7,860, while technology companies continued to struggle. The Russell 2000 index was unchanged at 1,646.

The S & P 500 fell 0.8% on Thursday. Even if it was its biggest loss since the end of June, it could have been worse: stocks were almost twice as low before a late recovery.

IT'S A LIFE: The Ministry of Labor said employers had significantly increased jobs created in July and August, as previously thought, offsetting a slightly disappointing gain in September. The September total was probably reduced by the damage caused by Hurricane Florence to the Carolinas.

Employers have added an average of 190,000 jobs over the last three months and the employment rate has fallen to its lowest level since December 1969.

Friday's data suggests that the economy is expected to continue to grow strongly, which means that corporate profits should continue to grow. This is a good sign for the actions. At the same time, there are few signs of a sharp increase in the pace of growth or inflation. Either or both of these factors would push the Federal Reserve to raise its interest rates at a faster rate, which would begin to slow down the economy.

BONDS: Bond prices continued to fall. The yield on the 10-year Treasury Note rose from 3.19% to 3.22%. The 10-year Treasury yield is an important benchmark for long-term interest rates and has not been as high since July 2011.

Falling prices and rising yields have led to significant gains for banks in recent days, as higher interest rates mean that their profits on mortgages and other loans are larger. Bond yields in Europe have also risen.

OFFICERS: Financial and industrial companies have made progress in recent days and continued to make progress on Friday. Lincoln National gained 5% to $ 70.85 and General Electric jumped 4% to $ 13.16.

Several major banks will release their Q3 results late next week as the next round of corporate results begin.

Selling in technology and Internet companies and retailers continued. Intel lost 1.1% to $ 47.63 and Netflix lost 2.78% to $ 353.62. Goodyear Tire & Rubber slipped 2.5% to $ 22.66.

Overseas: the German DAX lost 0.8%, as well as the CAC 40 in France. The British FTSE 100 fell by 1%.

Japan's benchmark, Nikkei 225, fell by 0.8% and that of Kospi in South Korea by 0.3%. Hong Kong's Hang Seng fell 0.2%.

ENERGY: US benchmark crude oil rose 0.6% to $ 74.74 per barrel in New York and Brent crude, the benchmark for oil futures, fell 0.5% to $ 84.14 the barrel in London.

CURRENCY: The dollar slid from 113.86 yen to 113.72 yen. The euro rose from 1.1515 USD to 1.1538 USD.