U.S. stocks close sharply higher in volatile trade as bond yields steady after strong jobs report

U.S. stocks close sharply higher in volatile trade as bond yields steady after strong jobs report
Mark DeCambre
·6 min read

U.S. stock benchmarks recovered lost ground Friday afternoon in volatile trade, as the rise in bond yields steady, despite a stronger-than-expected monthly jobs update from the Labor Department that offered evidence of an economy recovering from the effects of COVID-19.