Home›US Markets›Indices›Stocks rise and Treasury yields fall after unexpected…

Stocks rise and Treasury yields fall after unexpected 23,000 jobs cut

The S&P 500 closed at a record high, while the 10-year Treasury yield fell to 4.64% after the jobs report included a combined 103,000 job revision for May and June.

Saturday, August 8, 2026 · Written up by our desk · Indices

U.S. stocks climbed on Friday and Treasury yields fell after the government reported that employers cut 23,000 jobs last month, a surprise pullback that lifted hopes the Federal Reserve could take more time before raising rates. Every major index posted gains for a second straight week as the market opened August with momentum after several weaker months, according to the Associated Press. The S&P 500 rose 47.7 points, or 0.6%, to 7,757.64, topping its prior all-time high set on Tuesday. The Dow Jones Industrial Average added 151.8 points, or 0.3%, to 54,036.93, while the Nasdaq composite jumped 342.3 points, or 1.3%, to 26,690.62, the AP said. Technology shares helped drive the move, with Nvidia rising 2.3% and Broadcom up 1.7%. In the bond market, the report weighed more heavily than usual on rates expectations, with the 10-year Treasury yield dropping to 4.64% from 4.67% before the jobs data. The two-year Treasury yield, which more closely tracks expectations for Fed policy, fell to 4.20% from 4.22%. The jobs report also included revisions to earlier months, cutting a combined 103,000 jobs from the payroll figures for June and May. Peter Graf, chief investment officer at Amova Asset Management Americas, said in a research note that while investors may welcome the report’s more dovish implications, they should remain cautious about the future growth outlook in an economy with fewer people working, the AP reported.

Latest closeS&P 500 7,709.96 ▼0.2%|Nasdaq Comp. 26,348.35 ▼0.1%|Dow Jones 53,885.10 ▼0.8%

More like this

Sources