Stocks bounce between gains and losses in early US trading

Published January 7, 2022 8:49 AM

The Associated Press

Stocks are off to a mixed start on Wall Street Friday as weakness in technology stocks again weighs on the broader market. The S&P 500 shrugged off an early decline and was up 0.1%. The Nasdaq rose 0.5%. Bond yields rose after traders interpreted the latest monthly jobs report as indicating more tightness in the labor market. The yield on the 10-year Treasury rose to 1.75% and briefly rose close to its highest level since the start of the pandemic. The yield is a benchmark for mortgage rates, which hit their highest level since May 2020 last week.

Article Topic Follows: AP National Business

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