First American News LLC, Raleigh, NC: Technology stocks sold off again as bond yields spiked Friday, after the release of the December jobs report. Markets remain confident that the Federal Reserve will act rather quickly to lift interest rates.
The Dow Jones Industrial Average was essentially flat and closed down just 5 points, after the index fell 170 points Thursday. The S&P 500 slipped 0.4%, while the technology-heavy Nasdaq Composite slid 1%.
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