By Yahoo! Finance | Created at 2025-01-10 15:30:02 | Updated at 2025-01-10 18:55:41
3 hours ago
Stocks Open Lower as Bond Yields Rise After Strong December Jobs Data
Stocks opened lower on Friday after strong U.S. jobs data sent bond yields spiking.
The Dow Jones Industrial Average was down 500 points, or 1.2%, shortly after the market opened. The S&P 500 was down 1.4%. The Nasdaq Composite was down 1.9%.
The yield on the 2-year Treasury note was up to 4.36%. The 10-year yield was up to 4.76%. The 30-year yield rose to 4.98%.
