US week in review — Saturday, June 6, 2026

Hot jobs data and a Broadcom chip rout sink Wall Street: S&P 500 ends the week down 2.6%

A calm week ended in a Friday rout. A May jobs report at more than double expectations and a revenue miss from Broadcom sent the S&P 500 down 2.6% on the week, the Nasdaq down 4.7%, and the VIX up 40%. Space, quantum, and crypto-treasury names fell 20% to 37% as rising yields hit the year's hottest trades.