Stocks Tumble as Strong Jobs Report Stokes Fears of Aggressive Fed Rate Hikes

U.S. stock futures plunged after September jobs report showed strong labor market, worrying investors about Fed interest rate hikes.

336,000 jobs added in September, nearly double expectations, indicating resilience in labor market.

Unemployment rate unchanged at 3.8% as labor participation remained steady.

Wage growth slowed slightly to 4.2% over past year.

Oil prices fell on growth worries, with WTI crude dipping below $82/barrel and Brent crude under $84.