Stocks fall and bonds rise after US jobs report

Stocks fell and bonds rose after the latest jobs figures showed a labor market that continues to moderate.

The S&P 500 dropped 0.3 percent. The Nasdaq 100 fell 0.2 percent. The Dow Jones Industrial Average fell 0.4 percent. The Stoxx Europe 600 fell 0.9 percent

The yield on 10-year Treasuries declined five basis points to 4.23 percent. 

US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a market hanging on the balance of quickly changing government policy. Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month. The unemployment rate rose to 4.1 percent.

Bloomberg