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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Wall Street Opens Mixed as Tech Sells Off, Energy and Financials Hold Up
Executive summary: US markets opened with a clear split, as the Nasdaq and S&P 500 slipped while the Dow and Russell 2000 held modest gains. The sharpest pressure came from crypto, silver, platinum and the tech complex, while energy and banks outperformed. The move points to a rotation away from higher-beta growth exposure and toward more defensive or cyclical pockets, with commodity and FX swings adding to the cross-asset noise. [Continue Reading]
