Wall Street Holds Steady as Yields Rise Following Strong Jobs Data

Wall Street Holds Steady as Yields Rise Following Strong Jobs Data
Specialist John Parisi (L) and trader Fred DeMarco work on the floor of the New York Stock Exchange on Aug. 23, 2023. Richard Drew/AP Photo
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NEW YORK—Wall Street is holding relatively steady Friday after a report showed a strong job market is still powering the economy, even if it may be a touch too strong.

The S&P 500 was 0.1 percent higher in early trading but still on track for its first losing week in the last 10. The Dow Jones Industrial Average was down 4 points, or less than 0.1 percent, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.1 percent higher.