Dow Rises and Bond Yields Increase on Strong Jobs Report.

1 min read
Source: The Wall Street Journal
Dow Rises and Bond Yields Increase on Strong Jobs Report.
Photo: The Wall Street Journal
TL;DR Summary

The US stock market opened higher after the April jobs report showed stronger-than-expected job growth, with the Dow, S&P 500, and Nasdaq all up around 1.1%. Apple shares rallied 4.5% after beating analyst forecasts for quarterly revenue and profit. Bond yields rose as the report raised the possibility of further tightening from the Federal Reserve. Meanwhile, ride-hailing company Lyft's shares plunged 19% in early trading after its earnings report.

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