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Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise interest rates later this year to combat inflation and Wall Street wrestled with weakness in AI stocks.
US equity indexes slumped amid a sell-off in mega-cap chip names and government bonds, as a strong j
(Corrects day of the week to Friday from Thursday in paragraph 1) June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at market open on Friday as chip stocks eased after a sharp rally, while a
The May jobs report showed stronger-than-expected hiring as the unemployment rate held steady. The data strengthens the hand of Federal Reserve hawks, setting the stage for a shift to a tightening bias at the June 17 policy meeting, the first under new Chairman Kevin Warsh. S&P 500 futures slipped, putting the nine-week winning streak for the benchmark index in jeopardy.
By Medha Singh and Twesha Dikshit June 5 (Reuters) - S&P 500 and Nasdaq futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May
Here's why higher interest rates could mean lower stock prices.
A potentially softer labor market report, renewed AI debate, and geopolitical uncertainty weighed on risk sentiment.
Stocks were headed for the red on Friday as investors ditched tech ahead of the May jobs report, which will give the market a better idea of whether there will be scope for the Federal Reserve to hike interest rates later this year. Futures tracking the Dow Jones Industrial Average rose 29 points, or 0.1%. S&P 500 futures fell 0.6% and contracts tied to the tech-heavy Nasdaq 100 dropped 1.3%.
US stock futures mostly fell in the wait for the release of the May jobs report.
US stock futures mostly fell in the wait for the release of the May jobs report.
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. The May jobs report is on tap before Friday's open. The stock market saw the Dow Jones jump to a record high, aided by lower oil prices and Treasury yields.
Federal Reserve Vice Chair for Supervision Michelle Bowman said regulators have launched a new effort to better understand how bank lending flows into private credit funds and other nonbank financial firms.
Inflation has accelerated and economic growth has slowed under President Trump.
Investors will monitor initial jobless claims and the Challenger job-cuts report before turning their attention to Friday's nonfarm payrolls release.
The central bank's predictability, which Wall Street holds dear, may soon be a distant memory.
<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow losing about 1.2%, the S&P 500 shedding about three-quarters of a percent and the Nasdaq falling roughly nine-tenths of a percent.</p><p>Flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.</p><p>Energy stocks, buoyed by oil prices, enjoyed the largest percentage gains, with Exxon Mobil and Chevron both closing higher. </p><p>Meanwhile, six of the Magnificent Seven group of megacap tech stocks ended lower, with Meta the only exception.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I more and more just keep seeing this market as a ping pong. One day we've got the momentum leading tech stocks up and then that drives all the indices up. And the next day we've got sort of the second tier undervalued companies up and the index is down. [FLASH] Today's again, one of those days where we're seeing energy with the most strength. We're seeing some of the consumer come through, some of the industrial, but techs are marginally down. And that's what I mean when I think about this market as a ping pong market, because these are high quality companies, they're large cap, they would be top tier fundamentally, but they haven't really participated as much in the index strength."</p><p>Among individual movers, shares of GameStop jumped 6% after the original meme stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.</p><p>Shares of Crowdstrike, down nearly 3% at the close, dropped about another 10% in extended trading after the cyber security company reported a 15% jump in its first-quarter operating expenses as it ramps up investments in AI and product development.</p><p>And shares of Broadcom fell more than 6% in extended trading despite the company forecasting third-quarter revenue above Wall Street expectations, betting on robust demand for its custom AI chips and networking gear.</p></body>
The stock market has spent much of 2026 climbing a wall of worry. Artificial intelligence is reshaping industries, corporate earnings continue to surprise to the upside, and the S&P 500 keeps pushing deeper into record territory. Yet beneath the surface, investors face a familiar question: Is the Federal Reserve already behind the curve? That question ... Kevin Warsh’s $8.6 Trillion Moment of Truth
Yardeni stated in a recent note that the stock market's surge to fresh record highs is being driven by strong corporate earnings rather than speculative enthusiasm.
The stock market hit new highs amid a win streak. AI and metals led while Google tested support. Palo Alto jumped late on earnings.
The new head of the Fed has a virtually impossible task of appeasing the president and Wall Street concerning interest rates.
The Dow Jones Industrial Average added 0.1% while the S&P 500 was up 0.3% and the Nasdaq Composite gained 0.4%. The tail end of a robust first-quarter earnings season, ongoing artificial intelligence strength, and inflation figures roughly in line with expectations were enough to push equities higher today—familiar trends that have helped push the Nasdaq to its best two-month stretch in decades.
Anthropic, maker of the chatbot Claude, said Monday that it had filed confidential paperwork with federal regulators in preparation for selling its stock to the public. The company is expected to be one of three trillion-dollar debuts on the stock market this year, along with Elon Musk’s rocket and AI venture SpaceX and OpenAI, maker of ChatGPT. SpaceX filed to go public in April and OpenAI is expected to do so soon. (The Washington Post has a content partnership with OpenAI.)Subscribe to The Po
The nation’s largest less-than-truckload carrier, FedEx Freight, began trading as a standalone company on Monday. The post FedEx Freight embarks on journey as standalone LTL carrier appeared first on FreightWaves.
Wall Street heads into the first week of June riding a wave of record highs, but investors will have plenty to digest in the days ahead as fresh economic data, major technology earnings and ongoing developments in the Middle East compete for attention. The marquee event arrives Friday with...
FedEx completes spinoff of its FedEx Freight business. Shares join the S&P 500, Dow Jones Transportation indexes. FDX stock upgraded.
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