NEW YORK (AP) — The latest on developments in financial markets (All times local):
Technology stocks are leading U.S. market indexes higher in midday trading, keeping the Nasdaq composite and Standard & Poor’s 500 index at record highs.
Facebook rose 2 percent Friday, while Microsoft, Apple and Google parent Alphabet each gained about 1 percent.
High-dividend stocks continued to fall as bond yields rose. Verizon lost 1.2 percent.
The Dow Jones industrial average gained 66 points, or 0.3 percent, to 19,966.
The S&P 500 rose 8 points, or 0.4 percent, to 2,277. The Nasdaq climbed 34 points, or 0.7 percent, to 5,524.
Bond prices fell after the government reported that employers added jobs at a steady pace last month and the unemployment rate ticked up because more people were looking for work.
The yield on the 10-year Treasury note rose to 2.42 percent.
Stocks are opening mostly lower on Wall Street, led by declines in high-dividend stocks like phone companies and utilities.
Bond prices fell, sending yields higher, after the government reported Friday that employers added jobs at a steady pace last month and the unemployment rate ticked up because more people were looking for work.
Amgen climbed and Sanofi and Regeneron Pharmaceuticals fell after a court moved to block sales of Sanofi and Regeneron’s cholesterol drug.
Gap rose after reporting encouraging holiday-season sales.
The Dow Jones industrial average fell 50 points, or 0.2 percent, to 19,853.
The Standard & Poor’s 500 index lost 3 points, or 0.2 percent, to 2,265. The Nasdaq was flat at 5,487.
The yield on the 10-year Treasury note rose to 2.40 percent.