(Yahoo Finance)
Stocks closed higher at the end of a choppy trading day after the Labor Department’s February jobs report handily exceeded expectations, reaffirming the building momentum in the economic recovery, but also stoking a rise in Treasury yields and concerns over an economic overheating.
The S&P 500 and Dow each rallied in the final hour of trading, shaking off earlier declines and ending three-session losing streak. The Nasdaq also pared earlier losses to push higher, as technology stocks badly beaten down over the last several sessions recovered some declines. Still, the index posted its third straight weekly loss after enduring three consecutive sessions of steep drops earlier this week.
