The SPDR Portfolio S&P 500 ETF (SPLG) closed at $68.30 on January 10, down 1.49%, as the S&P 500 Index fell 1.54% to 5,827.04 amid rising Treasury yields following a stronger-than-expected U.S. jobs report. The December nonfarm payrolls surged by 256,000, surpassing forecasts of 155,000, and the unemployment rate dropped to 4.1%. This robust labor market data has shifted expectations for Federal Reserve rate cuts, with traders now anticipating fewer reductions this year. The spike in yields has pressured equities, particularly interest-sensitive sectors like real estate and technology, which saw declines of 1.9% and 2.6%, respectively. Financials also fell 2.2% as higher yields weighed on the sector. Despite the broader market downturn, the energy sector gained 0.7% as oil prices climbed.