ECONOMY
United States stocks slide as strong jobs data rattles
PUBLISHED Jun 6, 2026, 5:32 AM ET
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U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 percent, to 25,709.43, its largest single-day point loss on record and steepest percentage decline since April 10, 2025. For the week, the Nasdaq was down 4.68 percent. The S&P 500 fell 2.63 percent to 7,384.67, while the Dow Jones Industrial Average lost 1.33 percent to 50,877.40. The Labor Department reported 172,000 jobs added in May, far above forecasts of 80,000 to 90,000, and the VIX volatility index jumped nearly 40 percent.
By Faro B. | JQJO News
Timeline of Events
- April 4 2025 Nasdaq posts prior steep weekly decline
- April 10 2025 Nasdaq sees sharp daily percentage loss
- Earlier this week Nasdaq hits record close 27,093.90
- Tuesday June 2 2026 Nasdaq achieves record closing level
- This week Nasdaq falls over 1,263 points weekly
- Today May 2026 jobs report shows 172,000 positions added
- Today Wall Street indices record broad-based sharp declines
- Today VIX volatility index surges nearly forty percent
News Intelligence
- A sharp drop in stocks can affect your retirement savings or investments. If you're invested in the Nasdaq, S&P 500, or Dow Jones, you might see a dip. Keep an eye on your portfolio. Remember, investing is a long-term game.
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