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Stocks tumble as payrolls beat, Fed hike odds surge

6/7/2026

36 6 Full Breakdown

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Story summary
  • U.S. stocks fell on June 5, 2026 after May payrolls rose 172,000 and unemployment stayed 4.3%, with the Nasdaq down 4.2%.
  • The VIX rose to 21.51, about 40% higher than the previous 15.40.
  • Chip stocks fell, with Broadcom down 7.9% and Nvidia down 6%.
  • Two-year Treasury yields rose 10 basis points to 4.15%, a 15-month peak.
  • Fed rate-hike odds for December rose to 68.3%, ending near-term cut hopes.