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Stock Market on June 5, 2026: Dow falls 695 points after U.S. jobs report; S&P 500 and Nasdaq end sharply lower to book biggest percentage drops since 2025 after big losses in tech sector; Treasury yields jump MarketWatchNasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise CNNAmazon, Microsoft fare better than most in tech stock sell-off spree The Seattle TimesNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBC
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The S&P 500 fell more than 2.6 percent on Friday, its worst one-day drop of the year and ending nine weeks of gains.
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U.S. job growth blows past forecasts, setting stage for Fed rate hikes CoinDeskThe US economy added a stronger-than-expected 172,000 jobs last month CNNJobs Report Live Updates: U.S. Employers Added 172,000 Jobs in May The New York TimesUS Adds 172,000 Jobs in May, Beating All Economists' Estimates Bloomberg.comJobs report smashes expectations with payroll growth of 172,000 Yahoo Finance
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Tech sell-off, rate-hike fears drive Wall Street plunge Yahoo FinanceNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBCStrong Job Growth Weakens Stocks WSJS&P 500 set for worst day this year on AI weakness, rising odds for Fed rate hikes CNNWall Street slumps as chips slide, robust jobs data stokes fears of hawkish Fed Reuters
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Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.
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S&P 500 and Nasdaq fall as chips sell off; yields rise after jobs report: Live updates CNBCStocks sink as interest rate hike worries rattle tech amid nonstop AI spending NBC NewsStock Market Today: Treasury Yields Jump After Strong Jobs Report, Dow Opens Flat WSJStock market today: S&P 500, Nasdaq futures slide ahead of May jobs report Yahoo Finance
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U.S. employers added jobs for the third month in a row in May, while the unemployment rate held steady at 4.3%. But wage gains softened and likely failed to keep pace with rising prices.
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Officials at the Federal Reserve have turned their focus to resurgent inflation.
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Also in today's newsletter: global flight of the wealthy slows and a Japanese corporate scandal
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The unemployment rate held at 4.3 percent in April, according to a Labor Department report. But the effects of the Iran war are only beginning to emerge.
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