Treasury Yields Rise, Stock Falls Pressured by Stronger Than Expected US Jobs Data

GLOBAL MARKET - LONDON. Global stocks fell while U.S. Treasury yields rose on Friday after a stronger-than-expected jobs data reinforced expectations that the Federal Reserve will likely keep interest rates elevated for longer than traders were betting on.

Wall Street's main indexes finished lower, with 10 out of 11 categories of stocks in the benchmark S&P 500 closing in the red led by financials, real estate, technology and consumer staples. Energy stocks ended higher. All three indexes notched their second straight week of losses.