(Reuters) - U.S. stocks fell on Friday on concern about higher borrowing costs as bond yields rose after stronger-than-expected jobs data reinforced the view that the Federal Reserve would not cut interest rates this year.
The rate worries overshadowed news of corporate takeover activity -- a proposed $4.2 billion purchase of eye-care company Bausch & Lomb Inc. by Advanced Medical Optics Inc. For details, see ID:nN05385353.
Read more at Reuters Africa
The rate worries overshadowed news of corporate takeover activity -- a proposed $4.2 billion purchase of eye-care company Bausch & Lomb Inc. by Advanced Medical Optics Inc. For details, see ID:nN05385353.
Read more at Reuters Africa
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