Stock market today: Dow ends lower as Treasury yields jump ahead of jobs report By Investing.com

10-year Treasury yield

raced to 4.17%, the highest level since November as data showed a strong labor market and easing wage inflation. U.S. worker productivity rebounded sharply in the second quarter, while labor costs slowed, stoking further optimism that the easing in inflation seen recently is likely to continue. Ahead of the monthly jobs report due Friday, investors digested data showing the labor market still remains robust as weekly“We expect continued softening [in the labor market],” Morgan Stanley said, forecasting payrolls in July climbed by 190,000, which would mark a second-straight month of slowing job gains.

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