(Bloomberg) -- Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s next interest-rate move will be a hike.

Bond traders position for Fed rate hikes as strong labor data, rising oil prices, and persistent inflation upend rate-cut expectations ahead of May's jobs report.

Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market