S&P 500 Struggles for Direction as Jobs Miss Fails to Cool Rate-Hike Bets By Investing.com – Investing.com

S&P 500 Struggles for Direction as Jobs Miss Fails to Cool Rate-Hike Bets By Investing.com – Investing.com

By Yasin Ebrahim

Investing.com – The S&P 500 struggled for direction Friday, paced by a semiconductor-led slide in tech amid surging Treasury yields as a mixed monthly job report failed to cool expectations for a sooner-rather-than-later Federal Reserve rate hike.

The fell 0.14%, the gained 0.27%, or 103 points, the Nasdaq lost 0.7%.