News Summary: Adding jobs, predicting the Fed
News Summary: Hiring pushes stocks up , as investors try to guess Fed's next move
JOBS FRIDAY: The U.S. added 195,000 jobs in June, better than the 165,000 expected. Employers also added more jobs in April and May than previously estimated.
THE FED EFFECT: The positive jobs report could prompt the Federal Reserve to start reining in its stimulus programs as early as this fall. While the thought of a Fed pullback has unnerved investors before, they seemed to shrug it off Friday.
THE NAME IS BOND: The yield, or interest rate, on the 10-year Treasury note jumped to 2.73 percent, another sign that investors expect the Fed to pull back on buying bonds.
