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US Job Growth Slows While Tech Stocks Rise Amid Rising Treasury Yields

  • U.S. private payrolls growth slows sharply in Sept per ADP data

  • Indexes mixed Dow down 0.07%, S&P up 0.15%, Nasdaq up 0.45%

  • 30-year Treasury yield tops 5% for first time since 2007

  • Major tech stocks like Microsoft, Amazon gain between 0.4-2.3%

  • ADP report indicates Fed may not need to hike rates further

reuters.com