Wall Street Ends Lower as Strong Jobs Data Clouds Rate Cut Hopes
Robust employment figures suggest the Federal Reserve may delay interest rate cuts, impacting market sentiment.
- The U.S. economy added 272,000 jobs in May, surpassing forecasts of 185,000.
- The unemployment rate rose slightly to 4%, according to the Labor Department report.
- The S&P 500, Dow Jones, and Nasdaq all closed slightly down after midday gains.
- GameStop shares plummeted 39% following an unexpected quarterly loss and stock offering announcement.
- Treasury yields surged as traders reconsidered the likelihood of a September rate cut.
Denver Gazette 
Associated Press 
Investopedia 