) was up 0.1%, or about 50 points, as all the major stock gauges emerged from the red. The S&P 500 — Worries about a too-hot job market are sending Wall Street lower Friday, keeping stocks on track to close out a fifth straight losing week. The S&P 500 was down 0.3% in morning trading and heading for its longest weekly losing streak in 16 months. The Dow Jones Industrial Average was down 117 points, or 0.4%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.
-- Bonds tumbled, sending yields to multi-year highs, after a surge in hiring bolstered expectations the Federal Reserve will raise interest rates again this year. Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done.
Woman Searching for Girl Who Mistakenly Left Sadie Hawkins Dance Invite at Her Door: 'My Heart Broke' The Utah woman tells PEOPLE she wants to make sure Katie knows "that the lack of response wasn't a ghosting situation"Sam Bankman-Fried's fraud trial kicked off this week, nearly a year after the FTX cryptocurrency exchange he founded declared bankruptcy in a collapse that shocked markets and left the 31-year-old wunderkind's reputation in tatters.
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