Business
Job Growth Kills Stocks, while SpaceX Prep Has Begun | Markets P.M. for June 5
This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here.
What Happened in Markets Today
Job growth booms while the stock market sinks. The Labor Department said Friday that the U.S. added a seasonally adjusted 172,000 jobs in May, which is more than twice as much as analysts had predicted. The surprisingly strong job growth dashed hopes for an interest-rate reduction and raised the possibility of a rate hike instead. Investors bailed on stocks, sending the Dow down nearly 700 points while the S&P 500 sunk by 2.7%.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login