Swingfolio Daily — US Markets
US briefings — Friday, June 5, 2026
Pre-market setup and closing-bell recap for Friday, June 5, 2026. Observations only — no trade advice.
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.
US markets June 5, 2026: Nasdaq drops 4.18% as a $1 trillion chip rout meets a hot jobs print
US stocks fell sharply on 5 June 2026 as a semiconductor rout led by Marvell (-16.74%) and Micron (-13.25%) erased close to $1 trillion in value, pulling the Nasdaq down 4.18% and the S&P 500 down 2.64%. A hot May jobs report (172,000 versus a consensus near 85,000) pushed the 10-year yield to 4.54% and turned strong data into a selling catalyst. Five defensive sectors closed green as money rotated out of high-beta tech.