Dow Edges Up: Jobs Report Could Bring Action Friday

The Dow Jones Industrial Average (DJIA) edged up on Thursday, closing at 38.92 USD, a 0.86% decrease from the previous trading day's close. This slight increase comes amidst a broader market decline, with the S&P 500 down 1.11% and the Nasdaq dropping 1.89%. The Dow's performance has been relatively stable compared to the broader market, with a 2.8% decline from its record close of 6,090.27 on Dec. 6.

Investors have been grappling with rising Treasury yields, which have ratcheted up tensions in the equity market. The yield on the 10-year Treasury touched its highest level since April 25 on Wednesday, according to Dow Jones Market Data. The pace at which yields have been climbing lately has stoked anticipation that the 10-year might be headed toward 5%. This has created anxiety among equity investors, as higher yields make bonds more attractive compared to stocks.