Consumer companies slid as concerns about rising interest rates offset some fuel-price reprieve.
U.S. employers added 172,000 workers to payrolls in May, according to the Labor Department, far in excess of economists' expectations.
"May jobs were strong but were boosted by early World Cup hiring," said economists at brokerage Bank of America Global Research, in a note to clients.
Investors wagered that the rebound in the labor market, in combination with elevated fuel and food prices, would force the Federal Reserve's hand on rate hikes. That sentiment weighed on home-builders and other rate-sensitive consumer companies.
Coca-Cola shares logged their biggest gain since 2025 as traders sought out evergreen companies due to a flight from risk sparked by interest rate fears.
