The Miami Entrepreneur

Growth stocks lag heading toward closing bell Friday

Value stocks are faring better than growth equities in Friday’s slump, in a choppy trading session following a stronger-than-forecast jobs report and a jump in Treasury yields. The Russell 1000 Value index was off 0.9% in late afternoon trading, while the Russell 1000 Growth index dropped 1.4%, according to FactSet data, at last check. Meanwhile, the yield on the 10-year Treasury note increased 13.5 basis points to 3.531% Friday, its biggest daily rise since Oct. 5 based on 3 p.m. Eastern time levels, according to Dow Jones Market Data. U.S. stocks were down heading toward the closing bell Friday, with losses led by the technology-laden Nasdaq Composite. The Dow Jones Industrial Average was down 0.6%, while the S&P 500 fell 1.2% and the Nasdaq dropped 1.7%, FactSet show, at last check.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Previous post U.S. stocks finish lower, but Nasdaq Composite, S&P 500 book consecutive weekly advance
Next post : Oil futures fall for the session, with U.S prices at lowest in a month