Stocks slipped on Wall Street Friday as big technology companies lost ground and weighed down the broader market.
Meanwhile, bond yields surged as a strong jobs report continued to dim expectations that the Federal Reserve will cut its benchmark interest rate this year.
The S&P 500 fell 1.1%. The Dow Jones Industrial Average fell 137 points, or 0.3%, as of 9:59 a.m. Eastern. The Nasdaq composite fell 1.8%.
