Rates rise and stocks fall after stronger U.S. jobs data
A stronger-than-expected U.S. jobs report pushed short-term bonds higher and stocks lower, with some investors now betting the Federal Reserve is more likely to raise rates this month.
By Jack PitcherSometimes, good news is bad news.A stronger-than-expected jobs report hit stocks and short-term bonds on Friday, with some investors now betting the Federal Reserve is more likely to increase interest rates this month.Friday's report showed that the U.S. economy added 162,000 jobs in…