US Stocks Drop as Strong Jobs Report Fuels Fed Rate Hike Expectations

The US stock market declined sharply, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite falling due to a stronger-than-expected jobs report that increased expectations of a Federal Reserve rate hike. Chipmakers also saw significant losses amid ongoing sector rotation.

By Amalya Dubrovsky and Brett LoGiurato Updated Fri, June 5, 2026 at 7:33 PM GMT+3 1 min read · Yahoo Finance · June 5, 2026, 16:33 UTC

Tickers: $AMD $AVGO $INTC $MU $NVDA

Topics: federal_reserve_rate_hike_bets jobs_report tech_stock_sell_off

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