Stock Market Today: Wall Street Falls After Hot Jobs Data Raises Threat of High Rates

An NYSE sign on the floor at the New York Stock Exchange in New York on June 15, 2022. Seth Wenig/AP Photo

NEW YORK—Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected.

The S&P 500 lost 35.23, or 0.8 percent, to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1 percent, to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8 percent, to 13,679.04.