"Wall St's Rough Streak Continues: Dow Drops 500 Points Ahead of Jobs Report"

Wall Street faces uncertainty as odds of a June Federal Reserve rate cut diminish to 50-50 following a strong U.S. employment report, leading to a sour start to the new quarter. The week ahead includes key events such as inflation reports, Treasury auctions, central bank meetings, and the start of the U.S. corporate earnings season. Ebbing Fed easing expectations continue to weigh on markets, with U.S. Treasury yields hitting their highest levels since November. Overseas, European and Japanese stocks are generally higher, while Chinese stocks fell as a property developer faced liquidation. U.S. Treasury Secretary Janet Yellen warned China about decimating new industries with imports, and key diary items for U.S. markets include inflation expectations survey and speeches by Fed officials.