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U.S. Stocks Plunge as Jobs Data Disappoints

6/5/2025

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Summary

Story summary

U.S. stocks experienced a rollercoaster ride on Wednesday, swayed by disappointing economic signals. With just 37,000 jobs added in May, far below forecasts, and the ISM Services PMI slipping to 49.9%, fears of contraction loomed large. Treasury yields plummeted, while CrowdStrike's shares tumbled 5.8% after a loss, and Constellation Energy fell 4.3% despite a new partnership with Meta.

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Story summary

U.S. stocks experienced a rollercoaster ride on Wednesday, swayed by disappointing economic signals. With just 37,000 jobs added in May, far below forecasts, and the ISM Services PMI slipping to 49.9%, fears of contraction loomed large. Treasury yields plummeted, while CrowdStrike's shares tumbled 5.8% after a loss, and Constellation Energy fell 4.3% despite a new partnership with Meta.