Finance

The technology sector experienced significant downward pressure, particularly among AI-related companies and chipmakers. Industry leaders like Nvidia, Broadcom, and Micron saw substantial declines after disappointing guidance from major players raised concerns about the long-term sustainability of AI demand.

Bond yields jumped following the labor report, with the 10-year Treasury yield closing at 4.55% and the 2-year yield hitting its highest level since early 2025. Markets are now pricing in a roughly 70% probability of at least one Federal Reserve rate increase before the end of 2026.

Digital assets were not spared from the bearish sentiment, with Bitcoin falling below the $60,000 threshold on June 5, 2026. This decline triggered approximately $1.57 billion in leveraged liquidations as institutional investors appeared to exit positions in favor of traditional growth sectors or safer asset classes.