Current stock market news updates: As prospects for a Fed reversal are dashed by the jobs report, stocks plummet and Treasury yields rise.
After the government's monthly employment report revealed labour conditions remained tight last month despite a slowdown in hiring, U.S.
stocks crashed on Friday in their worst day since the depths of September's sell-off.
dash any hopes the Federal Reserve will veer off its aggressive rate hiking path.
Last month, the US economy created 263,000 new jobs, bringing the unemployment rate down to 3.5%.
According to consensus forecasts compiled by Bloomberg, economists anticipated a 255,000 increase in payrolls
While the Dow Jones Industrial Average (DJI) lost 630 points, or 2.1%, the S&P 500 (GSPC) fell 2.8%.