Reuters
GLOBAL MARKETS-Wall Street muted on jobs growth as taper, Delta fears weigh
A positive jobs report drove U.S. stocks modestly higher Friday, but a parallel rise in Treasury yields signaled a downside: the good news could push the Federal Reserve to curtail its massive stimulus policies faster then expected. “It’s a number that’s hard to say anything but positive things about,” said Sameer Samana, a market strategist at Wells Fargo Investment Institute in St. Louis. Some investors believe the robust jobs numbers could support the view that the Fed, faced with rising inflation and strong growth, may need to unwind its ultra-easy monetary policies sooner than expected.