Nasdaq sinks as US stocks react to May's stellar jobs data
US stocks (^DJI, ^IXIC, ^GSPC) continue to retreat ahead of Friday's the close, the Nasdaq Composite sinking by 3%; the S&P 500 and the Nasdaq are on track to close out the week with losses. The US economy added 172,000 non-farm payroll jobs in May, according to the US Bureau of Labor Statistics (BLS), smashing economists' original expectations of only 88,000 jobs. The unemployment rate held at 4.3% month-over-month.
