The Nasdaq dropped nearly 3% after a stronger-than-expected hiring report. Strong employment data has traders bracing for a Fed rate hike.
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A stronger-than-expected jobs report sent Wall Street tumbling as investors increasingly bet on rate increases from the Federal Reserve.
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
(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

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.
June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record
Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.
High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.
A report by The Real Deal says the state’s attorney general was contacting top NYC brokerage firms asking for information about Compass.
U.S. stock futures are mixed, with contracts tied to the Dow industrials dipping after all three major indexes hit fresh records Tuesday.
The stock market hit new highs amid a win streak. AI and metals led while Google tested support. Palo Alto jumped late on earnings.
Investors weigh softer WATCHMAN and urology demand against a still-active device pipeline and capital deployment moves, today, May 27, 2026.
Bitcoin dropped roughly 2% on Wednesday to hover near $75,500 per token.
By Stephen Culp NEW YORK, May 26 (Reuters) - U.S. stocks rose on Tuesday, parting ways with their European counterparts, and falling WTI crude prices diverged from spiking Brent crude prices as
Stocks were on track to rise Thursday as investors digested strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Moves early Thursday suggest that the market has concluded that Nvidia’s first-quarter earnings were good, but not good enough to keep the AI rally going.
By Gregor Stuart Hunter SINGAPORE, May 21 (Reuters) - Stocks rose on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended
Nvidia stock fell late despite strong earnings. Elon Musk's SpaceX released its filing for a mammoth IP. Stocks rallied Wednesday as oil prices dived on Iran hopes.
U.S. markets are poised to open with gains on Wednesday as bond yields slipped and oil prices fell. Futures for the S&P 500 rose 0.4% while futures for the Dow Jones Industrial Average edged 0.2% higher and Nasdaq futures jumped 0.7%.