Stock market today: Wall Street sticks near its records as yields slide after jobs report

NEW YORK — U.S. stocks are sticking near their records following a jobs report that showed a slowdown in hiring and contained nuggets of data for both optimists and pessimists. The S&P 500 was virtually unchanged at the start of trading on Friday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite rose 0.1%. Treasury yields sank following the nuanced U.S. jobs report, which reinforced belief on Wall Street that the U.S.

That would raise the likelihood of the Federal Reserve cutting interest rates that it has been keeping at two-decade highs, which would alleviate pressure on the economy by making borrowing less costly. Tesla picked up another 1.7% early Friday and was on track for its eighth straight winning day after reporting earlier this week that sales fell again last quarter, but not as sharply as many had believed. Its shares are up nearly 36% since June 24.

Britain experienced a run of turbulent years during Conservative rule that left many voters pessimistic about their country’s future. The U.K.’s exit from the European Union followed by the COVID-19 pandemic and Russia’s invasion of Ukraine battered the economy. Rising poverty and cuts to state services have led to gripes about “Broken Britain.”

The disagreements had fueled speculation that the already unpopular government could collapse and prompt a snap parliamentary election in which Germany could follow other European countries by swinging toward the political right.In Asian trading, Japan’s benchmark Nikkei 225 topped 41,000 early Friday but then fell back from Thursday’s record close of 40,913.65. It shed just over 1 point to end at 40,912.37 after the government reported that consumer spending fell 1.

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