🐳 WhalePool Traders Journal
2.77K subscribers
18.8K photos
56 videos
1.1K files
89.9K links
Bad trading habits make trading like gambling. This channel is for proactive and decerning investors and traders
Download Telegram
#USMarketUpdate
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears | Reuters

SUMMARY
Indexes down: Dow 1.35%, S&P 2.64%, Nasdaq 4.18%
Semiconductors suffer biggest daily percentage drop since March 2020
S&P 500 snaps 9-week streak of Friday-to-Friday gains
US adds 172,000 jobs in May, double analyst expectations

NEW YORK, June 5 (Reuters) - Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since ​April 2025 after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve.

Selling was concentrated among chip stocks and ‌other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index (.IXIC), opens new tab and S&P 500 (.SPX), opens new tab rose repeatedly to fresh highs.



https://www.reuters.com/business/nasdaq-sp-futures-slip-semiconductors-drag-payrolls-focus-2026-06-05/

Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
https://www.straitstimes.com/business/companies-markets/wall-street-ends-sharply-lower-as-chips-slide-jobs-data-fuels-rate-hike-fears