What to watch today: Stock futures drop after worst day for Dow, Nasdaq since 2020

What to watch today: Stock futures drop after worst day for Dow, Nasdaq since 2020

BY THE NUMBERS turned positive and then negative again Friday after of the government's strong April jobs report. The moved higher Friday, Thursday's trip above 3.1%, a high back to November 2018. Rising bond yields Thursday sparked a stock market plunge that wiped out the prior day's strong relief rally and then some. (CNBC) * (CNBC Pro) The lost 1,063 points, or 3.1%, on concerns the Fed's tightening cycle to slow the economy won't get inflation under control. The tech-heavy fell nearly 5% to its . Both of those declines broke three-day winning streaks and were the worst single-day drops since 2020. The fell nearly 3.6% for its second worst day of the year. (CNBC) * (CNBC) The Labor Department on Friday morning reported a better-than-expected were added to the U.S. economy in April. The unemployment rate last month held steady at 3.6%. A slight dip had been expected. Average hourly earnings in April rose a slightly less-than-expected 0.3% month over month and matched estimates with a 5.5% year over year gain. (CNBC) rose roughly 1.5% on Friday, around $110 per barrel, shrugging off concerns about global economic growth as proposed European Union sanctions on Russian oil raised the prospect