Escalation in the Middle East shakes the markets – US labor market report shatters forecasts and fuels interest rate fears – Alphabet closes $30 billion deal with SpaceX – Nvidia solidifies storage alliance with SK Hynix – Marvell Technology and Flex join the S&P 500 – Eli Lilly shines with new data on obesity drug – Lululemon in free fall after catastrophic outlook

After the recent trading day on Friday, June 5, 2026, US markets presented themselves in a deep red sell-off mode. The Dow Jones lost 1.35% and closed at 50,866.78 points, while the S&P 500 dropped 2.65% to 7,383.68 points. The technology-heavy Nasdaq Composite experienced a dramatic change, plummeting by -4.18% to 25,709.43 points. A toxic mix of escalating geopolitical tensions between Iran and Israel, alongside an unexpectedly hot US labor market report that dashed hopes for imminent interest rate cuts by the Federal Reserve, sent shockwaves...