AIFortuneabout 5 hours ago
Stocks drop 4% on strong jobs report
6 min read
Nasdaq falls 4% on strong May jobs report showing 5.9% quarterly spending growth. S&P drops 1.2% as AI sector slumps despite double expected payroll gains. Barclays calls market in 'warning zone' amid rising demand. Trump posts on Truth Social questioning stock market reaction to growth. Economic data shows inflation pressures rising faster than Fed projections.
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