US stocks rebounded to close the week as a strong February jobs report recovered earlier losses in tech stocks.The 10-year Treasury yield steadied after peaking at 1.62% on Friday morning.US stocks rebounded Friday as dip-buyers emboldened by the strong February jobs report helped lift mega-cap technology stocks out of correction territory., the Bureau of Labor Statistics announced Friday. Economists surveyed by Bloomberg expected a gain of 200,000 payrolls.
The 10-year Treasury yield surged to 1.62% on Friday morning after the jobs report. Its rise this week reflects that the US is preparing to exit a"horrible time in our economy," says Jamie Cox, managing partner for Harris Financial Group, told Insider.