# Stock market news live updates: Stocks drop after strong jobs data renews rate worries

> US stocks fell on June 3, 2022, led by tech shares, after the May jobs report showed 390,000 jobs added and unemployment steady at 3.6%. Job growth was stronger than expected, and Treasury yields rose toward 3%.

- Date: 2022-06-03 · published 2022-06-03T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12864-stock-market-news-live-updates-stocks-drop-after-strong-jobs-data-renews-rate
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

A tight labor market supports further Fed rate hikes, which firm the dollar and raise borrowing costs for feed buyers and livestock producers.

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/stock-market-news-live-updates-june-3-2022-111552199.html

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