Stocks, Bonds Rebound, Dollar Dips As Investors Welcome Jobs Data: What’s Driving Markets Friday?

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U.S. stocks rebounded on Friday’s morning trading in New York, driven by strong corporate earnings and mixed labor market data that eased expectations of further September rate hikes. The market-implied probability of a rate hike in September fell to 13% Friday, down from 20% a day earlier. Bonds rallied, after days of sharp rises in yields, while the dollar eased. U.S. companies added 187,000 nonfarm payrolls in July, less than the 200,000 expected. The unemployment rate surprisingly fell to 3.5%, while wages grew slightly more than expected. Amazon, Inc. (NASDAQ:AMZN)’s positive quarterly da…

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