Topline
The stock market fell on Friday while bond yields surged after the U.S. economy added back a much higher-than-expected 467,000 new jobs in January, a sign to investors that the Federal Reserve will continue with its plans to aggressively tighten monetary policy and raise interest rates.
Bond yields are surging again as investors worry about upcoming rate hikes.
Richard Drew/ASSOCIATED PRESS
Key Facts
Stocks were moving lower following the jobs report Friday: The Dow Jones Industrial Average plunged 0.5%, nearly 200 points, while the S&P 500 lost 0.1% and the tech-heavy Nasdaq Composite jumped 0.7%.
The U.S. economy added 467,000 jobs in January—far more than the 150,000 expected and the nearly 200,000 jobs added in December 2021, according to new data from the Labor Department.
The jobs data signaled to investors that the Federal Reserve will continue to move…