US stocks set to open marginally lower after the stronger US jobs report

US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined.

US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to 4.638% eight trading days ago (on May 29).

The two-year yield rose 12.5 basis points to 4.838%. It reached 5.002% on May 29.

  • The Dow Jones Industrial Average averaged -66 points
  • S&P -13 points
  • Nasdaq -32 points

Consider some great stocks

  • Nvidia shares are trading down about 1% in pre-market trading.
  • Apple shares rose by 0.06%.
  • Meta Platforms shares rose 0.28%.
  • Amazon, unchanged
  • Alphabet +0.12%

The dollar is higher. See technical details for EURUSD, USDJPY, and GBPUSD after the jobs data by clicking here.

In other markets:

  • Crude oil prices rose by about $0.24 to $75.79.
  • Gold prices fell by -$49 or -2.06% to $2,326.80
  • Silver fell $1.37 or -4.4% to $29.90
  • Bitcoin is trading at $71,338, which is near the middle of the range between $71,949 on the upside and $70,615 on the downside.
JobsmarginallyOpenReportSetStocksStronger
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