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US stocks waver as traders look over jobs report

NEW YORK, N.Y. – U.S. stocks are wavering between small gains and losses in early trading as traders look over the latest monthly jobs report.

Bond prices fell slightly Friday morning, sending yields higher, after the Labor Department reported that U.S. employers added more jobs last month than economists had expected.

Among individual stocks, Staples and H&R Block fell in early trade after releasing results that fell short of analysts’ estimates.

The Dow Jones industrial average edged down 10 points, or 0.1 per cent, to 16,930 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index slipped three points, or 0.1 per cent, to 1,990. The Nasdaq composite fell 14 points, or 0.3 per cent, to 4,692.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.86 per cent.