Stock futures declined after a stronger-than-expected The May jobs report sent yields higher, dashing optimism that the Federal Reserve will decrease interest rates soon.
Futures contracts for the Dow Jones Industrial Average lost 119 points. The Nasdaq-100 futures dropped 0.2%, while the S&P 500 futures fell 0.3%.
Nonfarm payrolls rose by 272,000 in May, exceeding Dow Jones’ projection of 190,000 and April’s 175,000. The unemployment rate climbed to 4%.
Source (CNBC)
