Here's your summary from The S&P Falls 0.1% | What You Missed 06/07 (https://www.youtube.com/watch?v=HS88ft5cIb0) on the Bloomberg Television channel:

**TLDR:** The S&P fell 0.1% as markets closed in the red, with a focus on rate space and economic trajectory.

1. Benchmark rates were up 14 basis points, leading to a 2% drop in the homebuilding index.

2. Gamestop saw a massive sell-off despite recent gains, with fundamental data and earnings contributing to the decline.

3. U.S. nonfarm payrolls added 272,000 jobs last month, exceeding expectations and impacting rate cut predictions.

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