Stocks Drop After Jobs Report Shows Hot U.S. Labor Market—Here's Why

1. December jobs report showed 256,000 new jobs, exceeding forecasts. 2. Unemployment rate declined to 4.1%, below expectations, impacting markets negatively. 3. Stock futures fell; S&P 500 dropped 0.9% after the report. 4. 10-year Treasury yields rose to 4.8%, indicating rising bond market pressures. 5. Market fears less urgency for interest rate cuts due to strong labor data.