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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
-6.65%
3,627.73
-258.63
-6.65%
3,886.363,815.893,815.893,620.51
SIXY
Discretionary
SIXY
Discretionary
SIXY
-2.03%
2,318.00
-48.08
-2.03%
2,366.082,368.372,383.082,312.31
SIXB
Materials
SIXB
Materials
SIXB
-1.89%
1,072.78
-20.72
-1.89%
1,093.501,091.591,093.931,069.98
SIXE
Energy
SIXE
Energy
SIXE
-1.86%
1,206.57
-22.92
-1.86%
1,229.491,228.851,229.941,206.03
SIXR
Staples
SIXR
Staples
SIXR
+1.64%
840.38
+13.58
+1.64%
826.80827.96849.83827.96
US market summary
U.S. benchmark equity indexes declined sharply on Friday following a May jobs report that significantly exceeded economist expectations. Nonfarm payrolls grew by 172,000, more than doubling the consensus forecast of 80,000, which has intensified concerns that the Federal Reserve may implement further interest rate hikes this year to combat inflation.
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Technology sector suffers worst performance in over a year
The tech-heavy Nasdaq Composite plunged 4.18% on Friday, marking its steepest single-day loss since April 2025 as investors fled growth-oriented assets. Semiconductor stocks led the decline, with major players like Nvidia and Broadcom seeing substantial drops amid renewed skepticism regarding the immediate returns on massive artificial intelligence investments.
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Treasury yields climb as rate hike probabilities surge
Bond yields jumped as traders reassessed the interest rate outlook, with the 10-year Treasury yield rising to 4.54% and the 2-year yield reaching a one-year high of 4.16%. Financial markets are now pricing in a 70% probability of a Federal Reserve rate increase by December 2026, a sharp rise from previous estimates.
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Cryptocurrency market cap erodes amid institutional exit
Bitcoin fell below the $60,000 threshold during a volatile trading session that saw approximately $200 billion in total market value erased from the crypto sector. The sell-off, which triggered over $1.5 billion in leveraged liquidations, suggests a large-scale institutional exit as capital rotates out of riskier digital assets into defensive positions.
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