US stocks wobble after feeling both the upside and downside of a strong jobs report

NEW YORK (AP) — U.S. stocks are feeling both the upside and downside Wednesday of a surprisingly strong report that said the nation’s unemployment rate improved last month.

After initially rising toward its all-time high, the S&P 500 erased its early advance and then flipped between gains and losses. By 2:30 p.m. Eastern time, it was up 0.2%. The Dow Jones Industrial Average fell 34 points, or 0.1%, and the Nasdaq composite rose 0.2%.

Treasury yields, meanwhile, remained higher...