Stock futures are lower and bonds are getting crushed after the US jobs report

Stock futures are lower after the May employment report showed that the US economy added 280,000 jobs, a big beat, and the unemployment rate rose.

Near 8:32 a.m, ET, Dow futures were down 170 points, S&P 500 futures were down 7 points, and Nasdaq futures were down 17 points.

On Thursday, the Dow and the S&P 500 had their weakest day in four weeks, following a selloff in global bond markets.

Gold slipped to around $US1,168 per ounce. The dollar rose, with its index gaining to around 96.42.

Treasuries sold off sharply. The yield on the benchmark 10-year note was up about 10 basis points at 2.4%.

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