CHIP STOCK SELL-OFF Nvidia, AMD stocks fall as new Biden export rules weigh on sector Stuttgart - Delayed Quote • USD (DE000SL0CVM1.SG) Follow 176.17 0.00 (0.00%) As of June 2 at 5:29:53 PM GMT+2. Market Open. Related News Stock market today: Dow, S&P 500, Nasdaq sell off amid jobs report surprise, fresh inflation worries Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts. Hot jobs report cements a Fed rate hold this month — and possibly the foreseeable future A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its next meeting in January — or for the foreseeable future. The Dow plunges 600 points as a strong jobs report and inflation fears crush rate cut hopes The Dow fell 600 points on Friday morning after new job reports surpassed expectations, and the Federal Reserve indicated that interest rate cuts may be postponed. Additionally, inflation remains a concern and is anticipated to stay high. Equities Fall, Yields Soar Intraday After Jobs Data US benchmark equity indexes were lower intraday, while Treasury yields surged as markets assessed of Blowout Jobs Report Fuels Wall Street Fear of ‘Lose-Lose’ Market (Bloomberg) -- It wasn’t supposed to be this way. With the economy booming, a friendly Federal Reserve at its back and Donald Trump headed to the White House, Wall Street saw nothing but upside as the calendar turned.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterd Stocks Hit as Jobs Fuel Bets Fed Will Stay on Hold: Markets Wrap (Bloomberg) -- Stocks got hammered and bond yields climbed alongside the dollar, with traders slashing their bets for Federal Reserve rate cuts this year after a blowout jobs report.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Equities era ‘High chance’ Reeves will be forced into emergency spending cuts There is a “high chance” that Rachel Reeves will be forced to announce emergency spending cuts this spring as borrowing costs surged again on Friday. Stocks tumble following blowout jobs report US stocks slid Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve. Wall Street 'fear gauge' at 3-week high as stocks sink Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts. The Cboe Volatility Index - an options-based indicator that reflects demand for protection against drops in the stock market - was last up 1.1 points to 19.18. A reading of 20 or higher on the VIX is associated with robust demand for options protection. Walgreens Is Soaring on Friday. Here's Why The Beaten-Down Healthcare Stock Bounced. Walgreens Boots Alliance (NASDAQ: WBA), better known as Walgreens, was one of the worst-performing stocks of 2024. Although the S&P 500 index rose by more than 20% for the year, Walgreens dropped by a staggering 64% due to consumer spending headwinds and poor performance from its primary care business efforts. Walgreens beat expectations on both the top and bottom lines for its fiscal 2025 first quarter, and shares spiked higher as a result. Allstate Stock, Other Insurers Fall as Firefighters Begin Containing L.A. Fires. Record Losses Are Expected. Shares in Mercury, a publicly-owned insurer highly exposed to California, crashed ahead of Friday's opening bell. Top 4 Sectors & Their ETFs of Past Three Months Four sectors -- Consumer Discretionary, Financials, Telecom and Technology -- were crowned as top performers from the basis of average three-month return. US Equity Indexes Dive as Surging Treasury Yields Following Blowout Payrolls Lift Higher-for-Longer Rate Bets US equity indexes fell as a beat on nonfarm payrolls and rising inflation expectations sent governme Strong US Jobs Report Backs Case for Pause in Fed Rate Cuts (Bloomberg) -- The latest snapshot of the US labor market affirmed what Federal Reserve officials have made clear in recent days: Interest-rate cuts are on hold for the foreseeable future.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Nonfar NVIDIA Corporation (NVDA) Unveils DRIVE Hyperion with Key Safety and Cybersecurity Certifications for Autonomous Vehicles We recently compiled a list of the 13 AI News and Ratings on Wall Street’s Radar. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other AI stocks on Wall Street’s radar. In his latest memo named “On Bubble Watch,” Howard Marks, co-founder and co-chairman of Oaktree […] European Equities End Week Lower in Friday Trading; Wayfair Exits German Market The European stock markets closed lower in Friday trading as The Stoxx Europe was down 0.83%, German BofA Maintains ‘Buy’ Rating on Taiwan Semiconductor Manufacturing Company Limited (TSM): AI Demand and Valuation Drive Growth Outlook We recently compiled a list of the 13 AI News and Ratings on Wall Street’s Radar. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against the other AI stocks on Wall Street’s radar. In his latest memo named “On Bubble Watch,” Howard Marks, co-founder and […] BofA Boosts Uber Technologies, Inc. (UBER) Outlook: AI and Autonomous Driving Collaboration Poised for Growth We recently compiled a list of the 13 AI News and Ratings on Wall Street’s Radar. In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against the other AI stocks on Wall Street’s radar. In his latest memo named “On Bubble Watch,” Howard Marks, co-founder and co-chairman of […] Dow Jones Stocks: Nvidia Tumbles; Amazon, Apple Sell Off With the Dow Jones Industrial Average looking to add to last year's strong gains, the best Dow Jones stocks to watch in January 2025 are Amazon.com, Apple, Nvidia, Salesforce and Walt Disney. There are clear winners — and losers — at the start of January 2025. US Equity Indexes Slump as Unexpected Surge in Payrolls Lights Fire Under Treasury Yields US equity indexes dropped in midday trading Friday as a beat on nonfarm payrolls and rising inflatio