By Stephen Culp NEW YORK (Reuters) – The S&P 500 headed lower, Treasury yields rose and the dollar rallied on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Nasdaq joined the bellwether index in the red, while benchmark U.S. Treasury yields and oil prices headed higher as the stronger-than-expected payrolls data appeared to confirm the economy is not yet in recession. That increased the likelihood of more aggressive rate increases from the Fed in September. The Labor Department’s employment rep…
