GLOBAL MARKETS-Whiplashed Wall Street struggles with mixed payrolls data

BOSTON,: U.S. stocks and Treasury yields were mixed on Friday as investors digested payroll data and its potential impact on Federal Reserve policy in the final session of an already roller-coaster first trading week of the year.

U.S. employment rose by a less-than-expected 199,000 jobs last month as the impact of a resurgent pandemic bites, well below the 400,000 forecast by economists, but data for November was revised higher. The unemployment rate dropped to 3.9%, underscoring near full-employment.