The U.S. economy added 559,000 jobs in May and the unemployment rate dropped to 5.8 percent, the Labor Department said in its monthly labor assessment Friday.
Shares of electric carmaker Tesla–last year’s best-performing S&P 500 stock—plunged to their lowest level in three months Monday as the broader market rallied—yet another sign the recently booming market for tech stocks could be over, once postpandemic spending drives growth into other industries.
