Wall Street opens higher as chip stocks rebound before tech earnings
What's next: Investors are looking to upcoming big-tech results for signals on whether the AI-fueled rally can keep going.
Subject
#Nasdaq Composite
Wall Street drops as Fed holds rates, signals 2026 hike risk
What's new: Fed projections showed nine officials expect at least one rate increase by the end of 2026.
S&P 500, Nasdaq fall as 172,000 US jobs dim Fed cut hopes
What's new: Traders cut bets on a June rate cut and raised the odds of a Fed hike by the end of 2026 after the payrolls report.
Nasdaq posts biggest drop since April 2025 as chip stocks sink
Why it matters: A stronger-than-expected May jobs report pushed traders to price in a 42.7% chance of a Fed rate hike by December.
Bloomberg, The Business Times (Singapore)
S&P 500, Nasdaq open lower as strong US jobs data dents chip stocks
Why it matters: firmer hiring lifted expectations for tighter Fed policy, while the Dow Jones Industrial Average still edged up 0.09%.
Dow jumps 875 points to a record as Broadcom drags Nasdaq
Why it matters: The split session showed money rotating into health care and financials even as chip stocks sold off on AI valuation worries.