S&P 500 Retreats After Jobs Report Raises Prospect Of Rate Hikes

The S&P 500 fell 2.6% from its previous week's close to 7,383.74 on Friday, 5 June 2026, despite setting a new record high close on Tuesday. Investors sold off after the May 2026 U.S. employment report came in stronger than expected, reinforcing a risk-off tone across markets.

Analysis

The S&P 500 fell 2.6% from its previous week's close to 7,383.74 on Friday, 5 June 2026, despite setting a new record high close on Tuesday. Investors sold off after the May 2026 U.S. employment report came in stronger than expected, reinforcing a risk-off tone across markets.