US stocks wobble after feeling both the upside and downside of a strong jobs report

Economic Indicators - The U.S. unemployment rate improved last month, with employers adding 130,000 jobs, exceeding economists' expectations [2][5] - The strong job data raises hopes for a solid U.S. economy, potentially driving profits for companies, particularly in the energy and raw-material sectors [3][4] Market Reactions - The S&P 500 initially rose but finished with a slight dip of less than 0.1%, while the Dow Jones Industrial Average dropped 66 points (0.1%) and the Nasdaq composite fell 0.2% [1] - Stocks in the energy sector, such as Exxon Mobil, saw gains, with Exxon climbing 2.6% [4] Federal Reserve Implications - Stronger-than-expected job data may delay interest rate cuts by the Federal Reserve, which could negatively impact stock prices and other investments [4][5] - Traders adjusted their expectations for when the Fed might begin cutting interest rates, pushing bets further into the summer [5] Treasury Yields - Following the jobs report, the yield on the 10-year Treasury rose to 4.17% from 4.16%, while the two-year Treasury yield increased to 3.51% from 3.45% [6]