Cleveland-Cliffs Inc is trading 6.55% down now at $13.48 as the broader market faces significant selling pressure following stronger-than-expected May jobs data.
- The S&P 500 is down 1.70% and the Nasdaq Composite has fallen 2.90% as robust employment figures pushed interest rate expectations higher.
- The move appears tied to macro pressure rather than company-specific news, with some investors likely taking profits following a recent upside move on June 2.