US stock markets today (June 5, 2026): S&P 500, Nasdaq fall as tech stocks slide; strong jobs data dims r - The Times of India

Key points

• US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal Reserve this year.The S&P 500 fell 0.7%, while the Dow Jones Industrial Average declined 81 points, or 0.2%.
• The tech-heavy Nasdaq Composite dropped 1.4%, weighed down by losses in major technology companies including Nvidia and Broadcom, AP reported.Investor sentiment was hit after the US Labour Department reported that employers added 1,72,000 jobs in May, roughly double economists' forecasts.
• The stronger labour market data pushed bond yields sharply higher and weakened hopes of near-term monetary easing.Big technology stocks were among the biggest drags on the broader market, with Nvidia and Broadcom leading losses.Earlier in the session, trading had been mixed as investors awaited the jobs report for clues on whether the Iran conflict and the rapid adoption of artificial intelligence were beginning to affect corporate...