Markets Right Now: Stocks wobble amid trade concerns

NEW YORK – The latest on developments in financial markets (all times local):

4:00 p.m.

U.S. stock indexes are closing lower Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses.

Tesla slumped 6.3 per cent after its chief accounting officer quit after only a month, and CEO Elon Musk was seen appearing to smoke marijuana during an interview.

The S&P 500 lost 6 points, or 0.2 per cent, at 2,871.

The Dow Jones fell 79 points, or 0.3 per cent, at 25,916, and the Nasdaq composite is dropped 20 points, or 0.3 per cent, at 7,902.

The yield on the 10-year Treasury note jumped to 2.94 per cent from 2.87 per cent late Thursday.

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11:45 a.m.

U.S. stock indexes are slightly higher at midday Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses.

Tesla slumped 5.3 per cent after its chief accounting officer quit after only a month, and CEO Elon Musk was seen appearing to smoke marijuana during an interview.

The S&P 500 is up 3 points, or 0.1 per cent, at 2,881.

The Dow Jones is down 6 points at 25,990, and the Nasdaq composite is up 27 points, or 0.4 per cent, at 7,950.

The yield on the 10-year Treasury note jumped to 2.94 per cent from 2.87 per cent late Thursday.

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9:35 a.m.

U.S. stock indexes are falling in early trading Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates. Not only is hiring still strong, but wages rose last month at their fastest pace in eight years. That should give the Federal Reserve more leeway to continue raising rates.

The S&P 500 is down 10 points, or 0.4 per cent, at 2,867 and is on pace for its fourth straight down day.

The Dow Jones is down 102, or 0.4 per cent, at 25,893, and the Nasdaq composite is down 47, or 0.6 per cent, at 7,874.

The yield on the 10-year Treasury note jumped to 2.92 per cent from 2.87 per cent late Thursday.