US Equity Indexes Mixed as Strong Jobs Report Lifts Treasury Yields

BY MT Newswires | ECONOMIC | 12:29 PM EST

12:29 PM EST, 02/11/2026 (MT Newswires) -- US equity indexes were mixed in midday trading on Wednesday after a strong jobs report sent yields on government bonds sharply higher.

The S&P 500 climbed up less than 0.1% to 6,945.2, while the Nasdaq Composite fell 0.4% to 23,019.4 and the Dow Jones Industrial Average slipped less than 0.1% to 50,154.1.

Total nonfarm payrolls rose by 130,000 in January, the Bureau of Labor Statistics said, double the 65,000 gain expected in a Bloomberg poll. December was revised lower by 2,000 to 48,000, while November was adjusted downward by 15,000 to 41,000, the BLS said. The unemployment rate fell to 4.3%, while the market expected it to hold steady at December's 4.4% print.

Energy, consumer staples, industrials, and materials led the gainers. Communication services, consumer discretionary, and financials were weaker intraday.

According to the CME FedWatch tool, the probability of the Federal Reserve leaving interest rates unchanged at its next policy meeting in March surged to 94% from 80% a day ago.

Most US Treasury yields jumped, with the two-year higher by 6.2 basis points to 3.52%, and the 10-year rate up 3.1 basis points to 4.18%.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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