India, June 5 -- US equities saw a split session, with strong buying in traditional sectors lifting the Dow Jones, while technology stocks came under pressure due to weakness in semiconductor names. Market sentiment was largely shaped by a stronger-than-expected US jobs report, which reduced hopes of near-term Federal Reserve rate cuts.
What is Happening in the US Stock Market Today?
Wall Street is reacting to robust US employment data, which has reinforced expectations that the Federal Reserve may keep interest rates higher for longer. This shift has led to a rotation away from high-growth tech stocks and into more defensive and cyclical sectors.
Dow Jones Soars 800+ Points Amid Broad-Based Buying
The Dow Jones Industrial Average surge...