US briefings — Friday, June 5, 2026

US Open 5 June 2026: Chip Selloff and a 172K Jobs Beat Drive a Rotation Out of Tech

US stocks opened mixed on 5 June 2026 as a Broadcom-led semiconductor selloff pulled the Nasdaq down 1.22% and the S&P 500 off 0.73%, while a hotter-than-expected May jobs report (172,000 payrolls versus 80,000 expected) lifted the 10-year yield to 4.53% and unwound rate-cut bets. Small-caps and defensives caught the rotation, with the Russell 2000 up 1.45% and consumer staples and health care leading sectors.