US Stock Futures Fall After Tech Selloff and Jobs Report
US stock futures kept falling on Sunday after a large tech selloff on Friday. The selloff ended a two-month rally on Wall Street.
Chip stocks fell sharply and led the losses. The Nasdaq lost 4.18% on Friday.
That was its biggest single-day drop since April 2025. A strong jobs report added more pressure on stocks.
The US economy added 172,000 jobs in May. That was far above the 80,000 jobs experts expected.
The strong jobs report raised expectations for a Federal Reserve interest rate rise. Higher interest rates tend to push stock prices down.
Iran also fired missiles at Israel. This threatened a fragile cease-fire and pushed oil prices higher. Stocks now face pressure from the tech selloff and rising interest rate fears.
Klear Note — Tech stocks fell sharply Friday, ending a two-month rally. Strong job growth raised fears the Federal Reserve will raise interest rates, which makes borrowing more expensive and hurts stock prices.
Key Terms 5
- Nasdaq A major US stock market focused on technology companies
- Federal Reserve The US central bank that sets interest rates
- interest rate rise When borrowing costs go up, often slowing the economy
- cease-fire A temporary agreement to stop fighting in a conflict
- futures Contracts that predict where stock prices will go next