NEW YORK (AP) – A strong jobs report knocked U.S. government bond prices down as investors bet that the Federal Reserve could raise interest rates later this year. Stocks drifted mostly lower.
In Europe, markets were rattled Friday by Greece’s decision to bundle together its upcoming payments to the International Monetary Fund. That heightened concerns that the country could default on its debts and drop the euro.
The Dow Jones industrial average fell 32 points, or 0.2 percent, to 17,873 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 lost a point, or 0.1 percent, to 2,094. The Nasdaq was little changed at 5,062.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent.
The dollar rose against other currencies.