Reported 11 months ago
Stock futures (YM=F, ES=F, NQ=F) are down as markets react to the US adding 272,000 jobs in May, exceeding expectations of 180,000. The robust job growth has shifted market sentiment on potential Federal Reserve interest rate cuts, causing concerns about inflation risk and the timing of rate adjustments. Small caps and the Russell 2000 are showing more vulnerability, with implications for Fed decisions and market reactions. Analysts are reevaluating the need for rate cuts amidst a strong labor market, with views diverging on future economic policies.
Source: YAHOO