U.S. stocks fell Friday after a stronger-than-expected May jobs report pushed Treasury yields higher and traders fully priced a Fed rate hike by December. According to BeInCrypto, May payrolls rose 172,000 versus about 80,000 expected, unemployment held at 4.3%, and the 10-year yield jumped to about 4.54%.
The S&P 500 dropped 1.69% to 7,457 as a Broadcom-led chip selloff weighed on tech; Nasdaq fell 2.82% while the Dow rose 0.75%. Broadcom (AVGO) slid after guiding Q3 AI revenue to $16 billion, below the $17.2 billion expected, dragging Nvidia (NVDA), AMD and Intel (INTC) lower.
US stocks slide as strong May jobs data lifts yields, revives Fed hike bets
2026-06-05 17:54:12
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
伊利诺伊拟征0.2%加密交易税Next article：
Polymarket：Knicks胜率1小时涨17%
