A currency trader passes by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won, right, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 8, 2024. – Asian shares mostly rose Monday as investors looked ahead to earnings reports from top global companies and a consumer prices report that will be a gauge for U.S. inflation.
Treasury yields climbed Friday following the jobs report. The yield on the 10-year Treasury rose to 4.40% from 4.31% just before the report was released. The two-year yield, which moves more on expectations for the Fed, rose to 4.75% from 4.65% just prior to the report. All told, the S&P 500 rose 57.13 points to 5,204.34 Friday. The Dow added 307.06 points to 38,904.04, and the Nasdaq gained 199.44 points to 16,248.52.
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