Market Averages Drop Amid Strong Labor Report

On Friday, major U.S. market averages fell as investors reacted to a strong May labor report, with the S&P 500 declining by -1.4%. Tech stocks remained under pressure.

By Nilanjana Basu, SA News Editor · Seeking Alpha · June 5, 2026, 16:29 UTC

Market Averages Drop Amid Strong Labor Report

Topics: Dow Jones labor report S&P 500 tech sector performance

Read the full article at Seeking Alpha

More World news

Jensen Huang Resigns as Nvidia CEO Amid Investigation into Foreign Intelligence Allegations Motley Fool · November 12, 2026, 14:39 UTC
SuperCom Reports Q3 Fiscal 2026 Earnings Beat on Revenue and EPS Seeking Alpha · November 12, 2026, 14:35 UTC
Marvell Technology Appoints Three Independent Directors Prior to Proposed Lumentum Acquisition Seeking Alpha · November 12, 2026, 14:35 UTC
M-tron Industries Reports Q3 2026 GAAP EPS Miss Amid Low Revenue Seeking Alpha · November 12, 2026, 14:37 UTC
Nexxen International Reports Q3 Earnings Beat with Revenue Growth and Increased EBITDA Seeking Alpha · November 12, 2026, 14:30 UTC
Brookfield Corporation Announces Quarterly Dividend of $0.07 Per Share Seeking Alpha · November 12, 2026, 14:30 UTC
Upwork Expands Restructuring Plan to Reduce Workforce by 37% Seeking Alpha · November 12, 2026, 14:34 UTC
Deswell Industries Reports First-Half Revenue of $33.02 Million Amid Segment Shifts Seeking Alpha · November 12, 2026, 14:35 UTC
Avicanna Reports Q3 Results with Positive Adjusted EBITDA and Reduced Operating Losses Seeking Alpha · November 12, 2026, 14:29 UTC
Bridgemarq Real Estate Services Announces Monthly Dividend of CAD 0.0125 per Share Seeking Alpha · November 12, 2026, 14:29 UTC