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- US stocks fell Monday as investors continue to assess January's unexpectedly strong jobs report.
- The strong labor market may keep the Fed from signaling its ready to pause raise hikes.
- Bond yields are spiking higher after the jobs data.
US stocks fell on Monday as investors kicked off the new trading week with questions about how much further the Federal Reserve will raise interest rates as strength in the US labor market persists.
The S&P 500 was running lower after Friday's loss, although the index ended up rising last week by about 1.6%.
"The jobs data dampens hopes of dovish pivot by the Fed," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note.