GLOBAL MARKETS-Stocks at record highs, Treasury yields fall after US payrolls

Investors stretched record-breaking stock rallies on Friday, before Wall Street took profits, while U.S. Treasury yields dipped after not-too-hot, not-too-cold U.S. jobs data reinforced the conviction that the Federal Reserve will begin easing by mid-year. Two U.S. stock indexes initially rallied into new territory after the Labor Department said U.S. job growth accelerated in February, even as the unemployment rate jumped and wage gains moderated. The S&P 500 lost 18.68 points, or 0.36%, to 5,138.68 and the Nasdaq Composite lost 129.15 points, or 0.79%.