Dow futures drop 400 points as investors digest stronger-than-expected jobs data

Investors are looking ahead to the November jobs report for insight on how the Federal Reserve may proceed with its interest rate hikes.

Stock futures slid Friday as investors digested hotter-than-anticipated jobs data, worrying investors looking for signals that the Federal Reserve can begin slowing interest rate hikes.

"Friday's stronger-than-expected jobs report gives the Federal Reserve more reasons to continue raising interest rates and maintain tighter monetary policy for longer, at least until the labor market begins to weaken, which is a signal that the market does not want to hear right now," said Robert Schein, chief investment officer at Blanke Schein Wealth Management.

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