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.