US stocks fall sharply as strong jobs data revives rate fears
US equities fell sharply on Friday, led by a steep drop in technology shares after a stronger-than-expected April jobs report revived concerns that interest rates will stay higher for longer. The Nasdaq, which is heavily weighted toward Big Tech, recorded its biggest one-day fall since April 2025 and ended the session down more than 4%. The S&P 500 closed 2.6% lower and the Dow Jones Industrial Average fell 1.35%, leaving the main US indexes in the red for the week.The selloff came after the labour market data prompted investors to reassess the outlook for the Federal Reserve. A strong jobs... [Continue Reading]
360LiveNews | 06 Jun 2026 00:00 LONDON
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