After moving sharply higher over the past few sessions, stocks may give back ground in early trading on Friday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 1.0 percent.
Renewed concerns about the outlook for interest rates may weigh on Wall Street following the release of much stronger than expected jobs data.
The Labor Department's closely watched monthly jobs report said non-farm payroll employment soared by 517,000 jobs in January after surging by an upwardly revised 260,000 jobs in December.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.