The roaring chip sector fell sharply Friday, pushing down the entire market in a bruising session. The impetus was rate worries after solid jobs data, along with Broadcom guidance.
The May nonfarm payrolls report showed 172,000 new jobs, doubling consensus. Unemployment remained at 4.3%. Yields rose sharply and stocks slid as rate hike odds climbed.
Stocks are seeing the largest one-day drop this year as this morning's blowout monthly jobs report, and spike in bond yields, triggers profit taking from traders.
For the bond market in the second half of 2026, income still matters, but investors should be selective. Now is not the time to favor long-duration investments.
IPO hype is rising, but fundamentals still matter. We break down valuations, index mechanics, and why Fed policy and rates still play a key role for investors.
The May nonfarm payrolls report showed 172,000 new jobs, doubling consensus. Unemployment remained at 4.3%. Yields rose sharply and stocks slid as rate hike odds climbed.
Counted out after a negative first quarter, the bull market roared back in April and May. Can earnings keep feeding this bull? And what could slow it down?
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Market Snapshot | June 2026