· Stocks fell from all-time highs on Friday after the release of stronger jobs data dampened hope for easier Federal Reserve monetary policy.

The Dow Jones Industrial Average pulled back 43.88 points to 26,922.12, snapping a four-day winning streak. The S&P 500 slipped 0.2% to 2,990.41 and ended a five-day winning streak. The Nasdaq Composite fell for the first time in seven sessions, slipping 0.1% to 8,161.79. Earlier in the session, the Dow dropped as much as 232.67 points, while the S&P 500 and Nasdaq slid nearly 1% each.

Despite Friday’s losses, the major indexes posted solid weekly gains. The Dow and S&P 500 rose more than 1% each this week while the Nasdaq gained nearly 2%. Stocks also posted all-time highs on Wednesday.

· Investors were betting heavily on the Fed cutting rates later this month heading into Friday’s session. CME Group’s FedWatch tool showed expectations for a rate cut in July were at 100%. Last month, the Fed said it would “act as appropriate” to maintain the current U.S. economic expansion, which is the longest in history.

After the data was released, those odds fell to about 94%.

· European stocks traded lower Friday afternoon following a stronger-than-expected U.S. nonfarm payrolls report, which weakened the likelihood that the Federal Reserve will cut interest rates at July’s monetary policy meeting.

The pan-European Stoxx 600 closed provisionally 0.7% lower in the end of week session, with basic resources shedding 2% while banks and retail stocks were the only sectors trading in positive territory, each up just 0.2%.

Dismal German industrial orders data on Friday morning, compounding a woeful week for Europe’s largest economy, provided further cause for investors to lock in. Industrial stocks were down 1.8% following the release.

· Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country’s president dismissed its central bank governor over the weekend.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stumbled 0.3%, with South Korea's KOSPI .KS11 off 1% and Australian shares down 0.4%.

Japan's Nikkei .N225 faltered 0.6%.

Reference: CNBC, Reuters