Strong US Jobs Report Sends Nasdaq Down 4.2%
The U.S. economy added 172,000 jobs, more than double consensus estimates. Technology stocks sold off sharply, with the Nasdaq falling 4.2 percent in its largest single-day decline since April 2025. …
Topic cluster
ongoing
2 sources grouped by AFBytes in Economy
AFBytes briefing
Stronger-than-expected hiring raises the prospect of delayed Federal Reserve rate cuts, increasing borrowing costs for mortgages, auto loans, and small-business credit.
Key entities
- June
What to watch next
- Watch the next Consumer Price Index release and Federal Reserve speakers for updated rate-path guidance.
- Watch the next Consumer Price Index release and subsequent Federal Reserve statements for confirmation of the policy path.
US jobs report rate cut outlook 2026
The latest U.S. employment report came in well above forecasts. The result has sharply reduced market expectations for Federal Reserve rate cuts this year.