Markets Right Now: Slowing hiring sends yields, dollar lower

The latest on developments in financial markets (All times local):

4:05 p.m.

Stocks are closing at record highs, but a slowdown in hiring last month pushed the dollar lower and sent bond yields to their lowest level of the year.

The government said Friday that employers added 138,000 jobs in May.

Bond prices rose, sending yields lower. Investors tend to move money into bonds when the see signs of weakness in the economy. The yield on the 10-year Treasury fell to 2.15 percent.

Tech companies rose the most. Microsoft jumped 2.4 percent and Apple rose 1.5 percent. Broadcom gained 8.5 percent on strong earnings.

The Standard & Poor's 500 index rose 9 points, or 0.4 percent, to 2,439.

The Dow Jones industrial average rose 60 points, or 0.3 percent, to 21,205. The Nasdaq composite climbed 59 points, or 0.9 percent, to 6,306.

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11:45 a.m.

A slowdown in hiring last month pushed the dollar lower and sent bond yields to their lowest level of the year. Stock indexes remained at record highs.

The government reported early Friday that U.S. employers added 138,000 jobs in May, fewer than expected.

Bond prices rose, sending yields lower. Investors tend to move money into bonds when the see signs of weakness in the economy. The yield on the 10-year Treasury fell to 2.15 percent.

Lululemon surged 12 percent after reporting strong results. RH plunged 25 percent after cutting its profit forecast.

The Standard & Poor's 500 index rose 5 points, or 0.2 percent, to 2,435.

The Dow Jones industrial average rose 59 points, or 0.2 percent, to 21,205. The Nasdaq composite climbed 44 points, or 0.7 percent, to 6,291.

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9:35 a.m.

Stocks are edging higher in early trading on Wall Street. Investors were disappointed by a report showing a slowdown in hiring last month.

The government reported early Friday that U.S. employers added 138,000 jobs in May, fewer than expected.

Bond prices rose following the report, sending yields lower. Investors tend to move money into bonds when the see signs of weakness in the economy.

Gains in technology and phone companies were helping cancel out losses in banks and energy stocks.

The Standard & Poor's 500 index edged up 1 point to 2,431.

The Dow Jones industrial average rose 10 points, less than 0.1 percent, to 21,160. The Nasdaq composite climbed 18 points, or 0.3 percent, to 6,265.

All three indexes closed at record highs the day before.