Stock futures drop sharply following stronger jobs report

Stock futures drop sharply following the stronger jobs report.

• The U.S. added 263,000 jobs in November, versus an expected 200,000.
• Nasdaq futures are off 2.1%, S&P 500 futures are off 1.4%, Dow futures are off 1.1%.
• 2 and 5-year yields rise more than 14 bps.

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