Jobs report boosts yields, stocks uncertain: Market update

US stocks were mixed on Monday after the release of Friday's jobs report, which showed continued strength in the labor market. The S&P 500 climbed 0.1%, while the Dow Jones Industrial Average added 0.3%, and the Nasdaq Composite dipped just below the flatline. Government bond yields were higher, with the yield on the 10-year note climbing to 3.42%. Markets are now pricing in a 65% probability that the Federal Reserve will raise interest rates by another 0.25% in May. This week, Wall Street will be closely paying attention to March’s consumer price index report out Wednesday, and bank earnings at the end of the week.