Value stocks are faring better than growth equities in Friday’s slump, in a choppy trading session following a stronger-than-forecast jobs report and a jump in Treasury yields. The Russell 1000 Value index RLV, -0.86% was off 0.9% in late afternoon trading, while the Russell 1000 Growth index RLG, -1.34% dropped 1.4%, according to FactSet data, at last check. Meanwhile, the yield on the 10-year Treasury note increased 13.5 basis points to 3.531% Friday, its biggest daily rise since Oct. 5 based on 3 p.m. Eastern time levels, according to Dow Jones Market Data. U.S. stocks were down heading toward the closing bell Friday, with losses led by the technology-laden Nasdaq Composite. The Dow Jones Industrial Average DJIA, -0.38% was down 0.6%, while the S&P 500 SPX, -1.04% fell 1.2% and the Nasdaq COMP, -1.59% dropped 1.7%, FactSet show, at last check.
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