S&P 500 plunges 2.6% on strongest jobs report, sparking Fed rate‑hike fears
A robust May jobs tally lifted expectations of a Federal Reserve rate hike, triggering a broad market sell‑off. The S&P 500 fell 2.64%, its steepest one‑day drop this year, while the Nasdaq shed over 4% amid a tech‑heavy retreat. Treasury yields and risk assets also tumbled.