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The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why
Key takeaways
- The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report.
- Strong hiring and 3.8% inflation flipped market expectations from multiple rate cuts to potential rate hikes extending into 2027.
- Meta s planned multi-billion stock offering and looming SpaceX and Anthropic IPOs raised supply fears, pressuring AI stocks already near record highs.
The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why Rich Duprey Sun, June 7, 2026 at 9:37 PM GMT+7 5 min read ^GSPC META SPAX.PVT ANTH.PVT Quick Read May s jobs report added 172,000 positions, nearly double expectations, wiping $1.4 trillion from the S&P 500 as rate-cut hopes collapsed.
Strong hiring and 3.8% inflation flipped market expectations from multiple rate cuts to potential rate hikes extending into 2027.
Meta s planned multi-billion stock offering and looming SpaceX and Anthropic IPOs raised supply fears, pressuring AI stocks already near record highs.
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