Home Business News Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain

Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain

Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain

Written By: Editorial Webdesk
Published: June 6, 2026 02:50:11 IST

Add NewsX As A Trusted Source

By Chibuike Oguh NEW YORK, June 5 (Reuters) – Shares fell sharply on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Editorial Webdesk

RELATED News

Boeing studying boost of 737 MAX plane production to highest-ever rate

Chip selloff erases over $1 trillion in stock market value

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

SpaceX signs cloud deal with Google

Exclusive-US states preparing lawsuit to block Paramount's acquisition of Warner Bros, sources say

LATEST NEWS

Sumitomo Corporation can invest $62.44 bn in India over the next decade: S Jaishankar

Asian Games 2026: Nepal, Malaysia, Hong Kong, Oman seal spots in men's cricket event

Iran seeks peace, Mexico ambassador says, as squad granted US visas for World Cup

BRIEF-Morgan Stanley cuts stake in Brazil's Totvs to 2.6%

Exclusive-US states preparing lawsuit to block Paramount's acquisition of Warner Bros, sources say

Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test

Abdullah bin Zayed receives phone call from South Africa's Minister of International Relations and Cooperation

India, Philippines discuss early conclusion of ASEAN Trade Agreement review

Breel Embolo given permission to join Switzerland team in US for FIFA WC after delay in visa

Tyrrell Hatton seizes lead at LIV Golf Andalucia

Follow Us

NewsX is India’s fastest growing English News Channel and enjoys highest viewership and highest time spent amongst educated urban Indians.

TOP CATEGORIES

QUICK LINKS

Follow Us

NewsX is India’s fastest growing English News Channel and enjoys highest viewership and highest time spent amongst educated urban Indians.

TOP CATEGORIES

Group Websites

QUICK LINKS