The Story
News Summary
- A surprisingly strong May jobs report of 172,000 new positions has increased expectations for Federal Reserve rate hikes.
- This shift caused Treasury yields to surge, triggering a sell-off in semiconductor stocks and dragging the S&P 500 and Nasdaq lower as investors recalibrate interest rate outlooks.
Explore US500 price history & advisor snapshot
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Stored market data
US500 price history
7656.98
+14.20% over the displayed period
Advisor Snapshot
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