Banks lead Wall Street slide after dismal jobs data

Financial stocks led Wall Street lower on Friday after a surprisingly weak jobs report for May prompted concerns about the U.S. economy and whether it can sustain a near-term interest rate hike. The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply. Traders significantly lowered their bets that the Federal Reserve will raise rates at its next meetings in June and July, with predictions at 6 percent for an incr