NEW YORK ( TheStreet) -- The broader market inched slightly higher in a choppy session ahead of Friday's nonfarm payrolls report.Thursday's big story was the yield in 10-year Treasuries, which hit 3%. On CBNC's "Fast Money" TV show, Dan Nathan said rates are usually correlated with stock prices. However, the move in yields was so violent to the upside it's been negative for stocks, especially those with big dividend yields, such as REITs, utilities and telecoms. J.C. Parets said that bonds and stocks are usually negatively correlated but have traded together the past couple of months. He added that this trend stopped last week and stocks should benefit if rates continue to go higher. Karen Finerman said a 3% yield should still be a comfortable rate and we've experienced an environment like this when stocks had much higher valuations. She added that the banks should benefit from higher rates and likes J.P. Morgan ( JPM), Bank Of America ( BAC) and Citigroup ( C). John Najarian said bond yields seem to be nearing a top and the economy is producing its own organic growth. He added that stocks can go higher, even if rates continue to do so as well. Lindsey Piegza, chief economist at Sterne Agee, a guest on the show, said that Friday's nonfarm payrolls report for the month of August will be a key indicator to whether or not the Federal Reserve will taper its bond purchases later this month. She doesn't expect it to happen because the economic data have been good but not good enough. Finerman said she didn't feel inclined to chase Timken ( TKR), which announced that it would be splitting into two separate companies, in a tax-free spinoff. Parets called the "golden cross" nonsense, which is when the 50-day simple moving average crosses the 200-day simple moving average to the upside. The move occurred on Thursday for Apple ( AAPL). Najarian added he's long via option spreads and is doing so for the Sept. 10 U.S. event and the Sept. 11 Chinese event. Groupon ( GRPN) was the featured company on the show's "Street Fight" segment. Najarian defended the stock, saying, revenue are growing at 90%. He added that 50% of the company's business comes from mobile and consumers have downloaded the app more than 50 million times.