Stocks Retreat from 2023 Highs As Treasury Yields Climb Following Positive Jobs Report
• U.S. stocks turned lower Friday after earlier hitting 2023 highs as Treasury yields climbed higher
• Consumer sentiment jumped in December according to University of Michigan survey, first increase in 5 months
• November jobs report topped expectations with 199,000 jobs added, unemployment rate fell to 3.7%
• Treasury yields extended climb following jobs data, unwinding part of past month's decline
• Lululemon forecast disappointing holiday-quarter figures while Carrier Global sold a business unit to Honeywell