Yields, dollar rise, stocks ease after solid US jobs report

Treasury yields and the dollar rose while U.S. stocks fell after stronger-than-expected job growth data increased bets on a September Federal Reserve interest rate hike. Nonfarm payrolls increased by 162,000 jobs versus the expected 56,000, with two-year yields up 4 basis points and major stock indexes declining ahead of a holiday weekend.

Why it matters: The dollar index gained 0.21%, oil prices rose, and Adobe dropped 6.7% following its CEO succession announcement.