US stock ended mixed, 10-year US Treasury yields posted their steepest weekly jump in nearly two years, and the dollar hits a 13-year high against the yen Friday, after jobs growth suggested the Federal Reserve will raise interest rates sooner than expected. The Labour Department said, US non-farm payrolls jumped 280,000 in May, the largest gain since December, while payrolls for March and April were revised to show 32,000 more jobs were created than previously reported. The surge in jobs growth, coupled with a gain in average hourly earnings, led traders to move their bets on when the Fed will start to raise rates to as soon as October.So, the Dow Jones industrial average fell 56 points or 0.3 percent to 17,849. The S&P 500 slid 3 points, or 0.1 percent, to 2,093. And the Nasdaq Composite added 9 points, or 0.2 percent, to 5,068.For the week, the Dow fell 0.9 percent, the S&P 500 fell 0.7 percent and the Nasdaq was flat. US benchmark Treasury debt yields jumped to their highest since October, while yields on two-year notes hit a more than four-year peak and five-year yields touched a six-month high. Greece delayed repayment of an IMF loan and a deputy minister said Athens might call snap elections to break an impasse with lenders.
News On AIR | June 6, 2015 12:52 PM
Dollar hits a 13-year high against the yen; US stock ended mixed<br/>