# Dow falls 300 points, Nasdaq drops 2%, as major indexes notch weekly losses

> 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.

- Date: 2022-06-02 · published 2022-06-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12860-dow-falls-300-points-nasdaq-drops-2-as-major-indexes-notch-weekly-losses
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

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.

## Sources

- cnbc.com: https://www.cnbc.com/2022/06/02/stock-market-futures-open-to-close-news.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.