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US500 and US30 Tumble as Blowout Jobs Report Stalls Fed Rate Cut Hopes

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The Story

News Summary

  • The May BLS jobs report showed a robust 172K increase, doubling expectations.
  • While positive for the economy, the data triggered a rise in bond yields and dampened hopes for Fed rate cuts, causing tech-heavy indices to retreat as investors locked in recent gains.
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US500 price history

7580.47 +11.27% over the displayed period

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