The decline of the Dow Jones.. The decline in stock prices on the Wall Street Stock Exchange

US stock prices fell sharply on concerns that Friday’s good news on the labor market was too good and could prove bad for the US by keeping inflation and interest rates high.
The Standard & Poor’s 500 Index recorded a decline of 1.5% in midday trading and is heading towards recording its fourth week of losses in the last five weeks.

Wall Street Stock Exchange

The Industrial Average fell by 628 points, or 1.5%, as of 11:45 a.m. EST, while the Nasdaq Composite Index fell by 1.8%.
Stocks took their cues from the bond market, where yields jumped to add pressure after a report that US employers added much more new jobs last month than economists expected.

Interest rates

There is no doubt that such an increase in employment is good news for workers looking for jobs. But it may also serve to maintain upward pressure on inflation by keeping the macroeconomy active.
This, in turn, may discourage the Federal Reserve from cutting interest rates that Wall Street wants, because low interest rates not only stimulate the economy but also raise investment prices.