BS: Stock futures are lower and bonds are getting crushed after the jobs report
Stock futures are lower after the May employment report showed that the US economy added 280,000 jobs, a big beat, and the unemployment rate rose to 5.5%.
Near 8:32 a.m. ET, Dow futures were down 170 points, S&P 500 futures were down 7 points, and Nasdaq futures were down 17 points.
On Thursday, the Dow and the S&P 500 had their weakest day in four weeks, following a selloff in global bond markets.
Gold slipped to around $1,168 per ounce, falling by about $8. The dollar jumped more than 1%, with its index gaining to around 96.42.
Treasuries sold off sharply. The yield on the benchmark 10-year note was up about 10 basis points at 2.4%.
