US Stock Market Today: S&P 500 Futures Slide On Strong Jobs Data And Yields
June 8, 2026
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The Morning Bull – US Market Morning Update Monday, Jun, 8 2026
US stock futures are pointing lower this morning, with E mini S&P 500 contracts down about 2.6% and Nasdaq 100 futures off nearly 4.8%, as investors react to strong US jobs data and rising bond yields. May nonfarm payrolls added 172,000 jobs and average hourly earnings rose 0.3% in the month, which signals a job market that is still creating work and pay packets that continue to grow. At the same time, the 2 year US Treasury yield sits at 4.16%, a reminder that borrowing costs remain high. The key question now is whether this mix of solid hiring and firm wages keeps pressure on interest rate sensitive areas, such as growth stocks and smaller companies, or instead supports more defensive sectors, such as utilities and parts of real estate that investors view as income alternatives to bonds.
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Top Movers
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FedEx Freight Holding Company (FDXF) jumped 6.42% after multiple analysts launched coverage with generally supportive views.
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Kenvue (KVUE) rose 4.92%.
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Kimberly-Clark (KMB) gained 4.84%.
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Top Losers
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Marvell Technology (MRVL) fell 16.74% as traders reacted to recent AI optimism and an unwinding of prior sharp gains.
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IonQ (IONQ) declined 13.52%.
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Micron Technology (MU) dropped 13.25% after recent enthusiasm around AI-driven memory demand cooled.
Look past the noise – uncover the top narrative that explains what truly matters for IonQ’s long-term success.
On The Radar
The next few sessions are light on data, so focus tilts to select earnings and high profile corporate meetings.
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Consumer Credit: Fresh US credit figures on Monday will show how much households are leaning on borrowing.
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Casey’s General Stores (CASY) reports Q4 results on Tuesday, highlighting fuel margins and in store spending trends.
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Oracle (ORCL) posts Q4 earnings on Wednesday, a key read on enterprise software demand and cloud spending priorities.
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Target (TGT) holds its AGM on Wednesday, with attention on comments about traffic, pricing, and inventory strategy.
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Nasdaq (NDAQ) hosts its AGM on Wednesday, giving color on trading volumes, listings activity, and market structure trends.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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