One Jobs Report Just Crashed The Market

U.S. markets sold off sharply on Friday after the May jobs report came in far stronger than expected, reigniting fears that the Federal Reserve could raise interest rates later this year. The economy added 172,000 nonfarm payrolls in May, more than double the 85,000 consensus estimate. Job gains for March and April were also revised higher by a combined 93,000. The unemployment rate held at 4.3%. Combined with April's consumer price index reading of 3.8% year over year — the highest since May 2023 — the data pushed odds of a year-end rate hike to near certainty, with money markets pricing in roughly a 60% chance of an additional hike in 2027. Treasury yields surged in response. The 2-year yield jumped more than 10 basis points to 4.15%, while the 10-year yield rose to 4.54%. The U.S. Dollar Index gained nearly 1%. The Nasdaq 100 tumbled 3.4% — its worst single-day drop since October 2025. The S&P 500 fell 1.8%, the Russell 2000 slid 2.7%, and the Dow Jones dropped 0.8%. The VIX, Wall Street's fear gauge, spiked 21%. Gold fell 3.1% and silver dropped nearly 7%. Crypto was hit hard. Bitcoin dropped roughly 4% to around $61,000, putting it on pace for its sixth straight losing session and worst weekly performance since the FTX collapse in November 2022, down 17% on the week. Ethereum fell nearly 10%, hitting its lowest level since April 2025. Disclaimer: Video contains AI generated content. --- #StockMarket #Bitcoin #RateHike --- 🖥️ Try Benzinga Pro FREE with a 14 day trial: https://www.benzinga.com/pro/register 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday