Stock Market Weekly update -Jun 7
No rally last week! We broke the 9 week run in the indexes after we got a big drop on Friday. The NASDAQ was down more than 4% on Friday (around 1500 points), Semis were hit hard after peaking on Wed, and the VIX popped as well. AVGO dumped on earnings, and NVDA dropped for a 3rd week after reporting great earnings. Gold dropped, and Bitcoin & Crypto dumped around 20%! We'll see how much of a recovery we get this week. The data just changed! Stocks finally dropped… U.S. payrolls rose by 172,000 in May, much more than expected Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks Chip selloff erases over $1 trillion in stock market value The 9 week April Fools’ rally may have peaked… The week ahead: 9th week of Earnings - Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - up a bit to 4.55% The Dollar - rallied back to around 100.07 Gold - dropped to $4329 Oil - up a bit to $90.24 ...