NEW YORK (AP) — Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected.
Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve.
The S&P 500 ended 0.1% lower Friday after giving up a midday gain. The Dow Jones Industrial Average fell 0.2% and the Nasdaq composite fell 0.2%.
GameStop, the struggling video game retailer at the center of the current meme stock craze, plunged 39% after reporting another loss and announcing plans to sell up to 75 million more shares.