- Hot jobs report: US employers added 172,000 jobs in May and unemployment stayed at 4.3%, surprising economists.
- Markets took a hit — Nasdaq 100 plunged nearly 5%, marking its worst week since April 2025, and the S&P 500 ended a nine-week win streak.
- Strong labor data crushed rate-cut hopes; investors now put about a 70% chance on a Fed rate hike and Treasury yields jumped above key levels.
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