Jobs report was wake-up call for market about likelihood of further interest-rate increases, investors say
Futures pointed to further losses for U.S. stocks, after strong jobs data last week raised the prospect of more rate increases by the Federal Reserve.
S&P 500 contracts slipped 0.9% Monday. Contracts for the Dow industrials edged down 0.7%, while Nasdaq-100 futures fell 1.1%. On Friday, the S&P 500 had lost 1%.
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