🔴 iShares Core S&P 500 ETF is trading 1.1% down today after a stronger-than-expected May jobs report lifted rate-cut fears

iShares Core S&P 500 ETF is trading at $752.63 (-1.08%) as a robust May jobs report reduced expectations for near-term Fed rate cuts, triggering a broader risk-off move.

• Nonfarm payrolls for May reached 172,000, significantly exceeding the 85,000 forecast and pressuring growth stocks sensitive to interest rate outlooks.
• The Nasdaq Composite fell 1.85% as the index’s heavy technology and semiconductor exposure faced renewed selling pressure following the labor data release.