Stocks slide ahead of May jobs report

UBS Managing Director and Senior Portfolio Manager Jason Katz argues 2021 earnings could be 40 percent higher than the previous year.

U.S. equity markets were lower Thursday as traders digested strong employment data and what that might mean for future inflation and potential action by the Federal Reserve.

The Dow Jones Industrial Average fell 23 points, or 0.07%, while the S&P 500 and the Nasdaq Composite were lower by 0.36% and 1.03%, respectively. 

The early selling comes after weekly jobless claims fell to a pandemic low and private-payroll job growth surged past…

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