PBW Plunges 11% as Strong Jobs Data Lifts Treasury Yields to 16-Month High
May payrolls surged to 172,000, nearly doubling forecasts, triggering a sharp rise in two-year Treasury yields and hitting clean energy stocks. The Invesco WilderHill Clean Energy ETF (PBW) dropped 11% on June 5, 2026, after May nonfarm payrolls printed at 172,000, far abo