Thornburg Investment Management Portfolio Manager Josh Rubin in MarketWatch

Dow, S&P 500 head for records Friday after stronger-than-expected jobs report

The Dow and the S&P 500 index were trading in record territory Friday afternoon after the monthly U.S. jobs report came in better than expected, as the economy continues to recover from the COVID-19 pandemic and investors shake off delta variant concerns.

Consumer discretionary shares and technology stocks were being hurt by a rise in long-dated benchmark bond yields and a rise in the U.S. dollar though, putting pressure on growth stock areas of the market.

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