Rumble, EchoStar, Viasat Fall as Robust Jobs Data Sinks Rate-Cut Hopes

Shares of Rumble Inc. (RUM), EchoStar Corp. (SATS), and Viasat Inc. (VSAT) declined on June 6, 2026, after a stronger-than-expected U.S. jobs report fueled concerns that the Federal Reserve will keep interest rates elevated. The economy added 172,000 nonfarm payrolls in May, nearly double the 85,000 economists had forecast, while the unemployment rate held at 4.3%. The data erased hopes for near-term rate cuts, raising the odds of a prolonged high-rate environment that pressures growth-oriented stocks by making future earnings less valuable today. Rumble’s shares, which are among the most volatile in the market with 51 moves of more than 5% over the past year, dropped sharply. The stock has gained 17.3% year-to-date but remains 25.4% below its 52-week high of $10.02 from July 2025, trading at $7.48. EchoStar and Viasat also moved lower as investors recalibrated for higher-for-longer rates.