Stocks, Bond Yields Rise After Jobs Report

U.S. stocks and bond yields rose to start the second quarter following a solid employment report that showed the country’s jobless rate returning to pre-pandemic levels.

The S&P 500 added 0.3% Friday, a day after the benchmark stocks gauge closed out its biggest quarterly decline since the start of 2020, falling about 5% for the first three months of the year. The Dow Jones Industrial Average and the technology-heavy Nasdaq Composite gained 0.3% and 0.4%, respectively.

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