Strong Jobs Report Puts Fed Rate Hike In Play; S&P 500 Futures Slip (Live Coverage)

The May jobs report showed stronger-than-expected hiring as the unemployment rate held steady. The data strengthens the hand of Federal Reserve hawks, setting the stage for a shift to a tightening bias at the June 17 policy meeting, the first under new Chairman Kevin Warsh. S&P 500 futures slipped, putting the nine-week winning streak for the benchmark index in jeopardy.