𝗨𝗦 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗙𝗮𝗹𝗹 𝗔𝘀 𝗧𝗲𝗰𝗵 𝗦𝘁𝗼𝗰𝗸𝘀 𝗦𝗹𝗶𝗱𝗲 𝗔𝗻𝗱 𝗝𝗼𝗯𝘀 𝗗𝗮𝘁𝗮 𝗗𝗶𝗺𝘀 𝗥𝗮𝘁𝗲-𝗖𝘂𝘁 𝗛𝗼𝗽𝗲𝘀

US stocks closed lower on Friday. Technology shares led the decline. A strong jobs report reduced expectations for Federal Reserve rate cuts this year.

Key US Index Moves:

  • The S&P 500 fell 0.7%
  • The Dow Jones Industrial Average dropped 81 points, or 0.2%
  • The Nasdaq Composite sank 1.4%
  • Nvidia and Broadcom posted heavy losses

The Labor Department reported employers added 172,000 jobs in May. This number was roughly double economist forecasts. The data pushed bond yields higher. It also weakened hopes for near-term monetary easing.

Big technology stocks dragged the broader market down. Nvidia and Broadcom led the losses.

Trading had been mixed earlier in the day. Investors waited for the jobs report. They wanted clues on whether the Iran conflict and rapid artificial intelligence adoption were affecting corporate hiring.

Some analysts fear AI will eliminate entry-level jobs. Others argue its impact has been gradual. They say it has reduced hiring instead of causing widespread layoffs.

Hiring has stayed strong despite economic uncertainty. Energy prices remain high due to the ongoing Iran conflict.

Higher oil prices have raised concerns about inflation and growth. Businesses face rising operating costs.

Oil Market Update:

  • Benchmark US crude traded near $93 per barrel
  • Brent crude hovered near $95 per barrel
  • Both prices remain well above the roughly $70 level seen before the conflict began in late February

The Strait of Hormuz remains effectively closed. This route carries global oil and natural gas shipments. The closure raises concerns about energy supplies and inflation.

US and Iranian negotiators reached a tentative ceasefire extension last week. The deal has not been finalized. Developments in Lebanon have also cast uncertainty over prospects for a lasting settlement.

European markets traded higher:

  • Britain's FTSE 100 rose 0.5%
  • Germany's DAX gained 0.2%
  • France's CAC 40 advanced 0.6%

השווקים באסיה ירדו ברובם:

  • מדד ה-Kospi של דרום קוריאה צנח ב-5.5% ל-8,160.59
  • SK Hynix ירדה ב-9.9%
  • Samsung Electronics איבדה 6.4%
  • מדד ה-Nikkei 225 של יפן ירד ב-1.3% ל-66,588.12
  • Tokyo Electron צנחה ב-6.6%
  • מדד ה-Hang Seng של הונג קונג ירד ב-1.2%
  • מדד ה-Composite של שנגחאי איבד 0.7%
  • מדד ה-S&P/ASX 200 של אוסטרליה ירד ב-0.7%
  • מדד ה-Taiex של טייוואן צנח ב-1.3%
  • מדד ה-Sensex של הודו ירד ב-0.3%