Stocks Close Higher, Bond Yields Rise After Jobs Report

US stocks edged higher Friday, buoyed by a solid employment report that showed the country’s jobless rate returning to prepandemic levels.

The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34818.27, while the S&P 500 climbed 15.45 points, or 0.3%, to 4545.86 and the Nasdaq Composite added 40.98 points, or 0.3%, to 14261.50. All three indices started the day higher, edged lower in midday trading as yields on government bonds surged, then climbed again to end the day in the green.