Reported 11 months ago
US equities (^GSPC, ^DJI, ^IXIC) opened lower after the May jobs report revealed 272,000 nonfarm jobs added to the US economy, hotter than expected, raising concerns about future Federal Reserve policy decisions. The market reacted negatively viewing strong job data as delaying rate cuts. The major averages showed declines, with the Dow down around 91 points and the S&P off about 3/10 of a percent; bond market saw a boost in yields. Real estate, materials, and utilities were the worst performers. NVIDIA also saw a 1.7% decline ahead of a stock split.
Source: YAHOO