The Wall Street Journal67d agoneutral
Kevin Warsh’s Job Just Got a Lot More ComplicatedFriday’s labor-market rebound sets in motion a collision between the new Fed chair, the bond market and the White House.
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StockStory67d agobearish
Why Polaris (PII) Stock Is Falling TodayShares of off-Road and powersports vehicle corporation Polaris (NYSE:PII) fell 3.1% in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agoneutral
Why AMD (AMD) Shares Are Trading Lower TodayShares of computer processor maker AMD (NASDAQ:AMD) fell 6.5% in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agobearish
Marvell Technology and IPG Photonics Shares Are Falling, What You Need To KnowA number of stocks fell in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agoneutral
Entegris and KLA Corporation Stocks Trade Down, What You Need To KnowA number of stocks fell in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agoneutral
Teradyne and Monolithic Power Systems Shares Plummet, What You Need To KnowA number of stocks fell in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agobearish
Allegro MicroSystems, Himax, and Amtech Shares Are Falling, What You Need To KnowA number of stocks fell in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agoneutral
Why Qualcomm (QCOM) Stock Is NosedivingShares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 6% in the morning session after the AVGO earnings overhang and the stronger-than-expected jobs report combined to drive one of the broadest global chip selloff of the year.
StockStory67d agoneutral
Why Xerox (XRX) Shares Are Sliding TodayShares of document technology company Xerox (NASDAQ:XRX) fell 3.4% in the morning session after the May jobs report showed a much larger-than-expected increase in payrolls, fueling concerns that the Federal Reserve will keep interest rates elevated for a longer period.
StockStory67d agoneutral
Dell, NetApp, and Everpure Shares Plummet, What You Need To KnowA number of stocks fell in the morning session after the May jobs report showed a much larger-than-expected increase in payrolls, fueling concerns that the Federal Reserve will keep interest rates elevated for a longer period.
StockStory67d agobearish
Super Micro and Hewlett Packard Enterprise Shares Are Falling, What You Need To KnowA number of stocks fell in the morning session after the May jobs report showed a much larger-than-expected increase in payrolls, fueling concerns that the Federal Reserve will keep interest rates elevated for a longer period.
Reuters Videos67d agoneutralVIDEO
Wall Street ends sharply lower as jobs data fuels rate hike fears<body><p>STORY: Wall Street’s nine-week winning streak came to an abrupt halt on Friday, with the Dow dropping about one-and-a-third percent, the S&P 500 sliding more than 2.6% and the tech-heavy Nasdaq tumbling nearly 4.2%, its largest one-day percentage loss in more than a year.</p><p>Selling was concentrated among chip stocks and other technology favorites that have surged in recent weeks as the Nasdaq and S&P 500 rose repeatedly to fresh highs.</p><p>The Philadelphia Semiconductor Index erased more than $1 trillion in stock market value on Friday, suffering its largest one-day percentage plunge since March of 2020.</p><p>Eric Lynch, managing director and co-portfolio manager of Suncoast Equity Management, said tech stocks tanked due to rate-hike and AI spending concerns.</p><p>"The first factor is the blowout jobs report this morning. That has taken the chances of another Fed cut off the table for 2026. That hits long-duration, most exciting speculative stocks the most. [FLASH] But also there's been grumblings about AI, just some concerns about whether or not the token usage is really translating to great returns. And you've seen some consternation kind of bubbling up."</p><p>Among individual movers, AI chipmaker Nvidia, the largest company by market value, lost more than 6%, while Intel, Micron, AMD and Broadcom all slid between about 8% and 13.5%.</p><p>Shares of Lululemon Athletica slumped about 8.5% after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates.</p><p>And a more than 4% drop in bitcoin hit cryptocurrency firms, with shares of Coinbase and Strategy each tumbling about 7%.</p></body>
24/7 Wall St.67d agobullish
History Says This Unstoppable Dow Juggernaut Is a No-Brainer Buy Right NowAmazon (NASDAQ:AMZN) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break. For a retirement-focused investor who has been burned chasing trends, the case here rests on the boring math of a business whose ... History Says This Unstoppable Dow Juggernaut Is a No-Brainer Buy Right Now
The Wall Street Journal67d agoneutral
Carnage in Chip Stocks Hits Extra Hard in Top-Heavy MarketShares of the chip-making giants that have powered the market’s climb to records tumbled, weighed down by new concerns that trillions of dollars invested in AI technology won’t yield the expected blockbuster returns. The losses intensified after a robust jobs report raised new worries that the Federal Reserve may need to raise interest rates later this year to fight inflation. Stocks, bonds, oil, gold and bitcoin all tumbled.
Barrons.com67d agobearish
FedEx Freight Stock Is a Haven in the Market Selloff. Here’s Why.FedEx Freight bucked the market trend on Friday, making it one of the best-performing stocks in the S&P 500 on a tough day for the market. Shares of the company, which spun out of FedEx on June 1, gained 6.4% on Friday, closing at $167.84, while the and fell 2.6% and 4.2%. FedEx Freight is likely avoiding the drawdown because shares are very new.
Yahoo Finance Video67d agobearishVIDEO
Nasdaq plunges 1,100 points over renewed rate hike concernsUS stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike interest rates. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the day's biggest market moves.
Reuters67d agobearish
Chip selloff erases over $1 trillion in stock market valueU.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street. The PHLX chip index slumped almost 8.5% in afternoon trading, putting it on track for its deepest one-day loss since Wall Street's "Liberation Day" tariff selloff in April 2025. Friday's selloff added to losses on Thursday after Broadcom gave a quarterly report that showed demand for its custom AI chips business falling short of lofty expectations.
The Wall Street Journal67d agobullish
2-Year Yield Jumps to Highest Level in a YearThe inflation fears sparking Friday's selloff propelled the 2-year Treasury yield to its level since Feb. 2025. The 2-year note settled at 4.160%, while the 10-year Treasury yield rose to 4.537%. Investors dumped bonds after a hot jobs report rekindled the possibility of rate hikes this year.
Bloomberg67d agobearish
Citigroup Economists Maintain Lonely Call for Fed Rate Cuts(Bloomberg) -- Unswayed by strong US jobs data released Friday, economists at Citigroup Inc. are maintaining their increasingly lonely prediction that the Federal Reserve will cut interest rates three times this year.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapWhat to Expect From Apple’s AI, Siri and iOS 27 Launch at WWDCSaylor’s Bitcoi
The Wall Street Journal67d agobullish
⚡Flash Heard: The Pain Points Taking a Fragile Tech Rally Down a NotchFriday’s carnage in tech stocks shows just how fragile this year’s rally has become. Then came an unexpectedly good jobs report for May. A healthier labor market could lead the Federal Reserve to keep interest rates elevated to combat inflation. Indeed, investors on Friday were pricing in an around 50% chance that the Fed could hike in October, up from a less than 20% chance a month ago.
MT Newswires67d agoneutral
US Equity Indexes Sink as Blockbuster Jobs Report Dims Hopes for Monetary Policy EasingUS equity indexes plunged as a strong jobs report slashed the odds for interest rate cuts this year,
Investing.com67d agoneutral
Investing.com’s stocks of the weekInvesting.com -- Wall Street is set to cap off this week with a decline, as rate-sensitive technology stocks and chip names fall. We have also seen rising U.S. Treasury yields after a significantly stronger-than-expected May jobs report.
Motley Fool67d agobearish
Market Indexes Tumble at Midday as Treasury Yields Spike on Hot Employment ReportThe Nasdaq dropped nearly 3% after a stronger-than-expected hiring report. Strong employment data has traders bracing for a Fed rate hike.
USA TODAY67d agobearish
Stocks tank, bonds sell off after strong jobs reportA stronger-than-expected jobs report sent Wall Street tumbling as investors increasingly bet on rate increases from the Federal Reserve.
Proactive67d agobullish
Canada's surprise jobs surge masks persistent labour market weakness as trade losses lingerCanada's labour market surged in May, with the economy adding 87,800 jobs and the unemployment rate falling to 6.6%, well above analyst expectations and marking the strongest monthly performance since late 2024, according to Bank of America's reading of Statistics Canada's latest Labour Force...