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On June 3, 2022, the Dow fell 1.1%, the S&P 500 fell 1.6% and the Nasdaq fell about 2.5%, ending a holiday-shortened week lower. The decline followed a May nonfarm payrolls report of 390,000 jobs, above the 328,000 expected, which raised expectations for further Federal Reserve rate hikes.
A stronger labor market and higher expected rates tend to lift the dollar and weigh on risk assets, which can pressure dollar-denominated commodity prices.
cnbc.comHannah Miao, Tanaya MacheelJun 2, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
