Huo Xing Finance reports that on June 6, U.S. non-farm payroll employment in May increased by 172,000 jobs, significantly surpassing market expectations of 85,000, prompting markets to reprice the Fed’s policy path, with the probability of a rate hike in December rising to 63%. Several Fed officials signaled a hawkish stance. As a result, the U.S. dollar index rebounded above the 100 level, gold fell for a fourth consecutive week, and U.S. tech stocks suffered heavy losses on Friday, with the Philadelphia Semiconductor Index plunging 10% in a single day, erasing over $1 trillion in market value. This week, tensions in the Middle East remain high, with U.S.-Iran negotiations stalled over asset freeze issues. Iran warned that if conflict escalates, it will expand its strike range, while a draft proposal for managing the Strait of Hormuz enters the review phase, and Lebanon’s situation continues to intensify. In capital markets, SpaceX announced it will list on Nasdaq on June 12 at an offering price of $135 per share, expected to raise $75 billion in funding with a valuation nearing $1.8 trillion. However, the S&P 500 has declined to rapidly include the stock, requiring at least 12 months of public trading history and four consecutive quarters of GAAP profitability. On the regulatory front, Futu, Tiger Brokers, and Changqiao Securities have all announced that, starting June 12, they will suspend new purchases and fund transfers for existing mainland China clients, retaining only portfolio management and selling functions to comply with industry rectification requirements. The Bank of Japan has signaled a strong intention to raise rates, with markets expecting a policy rate hike to 1% at its June meeting—the highest level since 1995. Overnight swap markets indicate an over 80% probability of a rate increase. According to data from the World Gold Council, global central banks resumed net gold purchases in April. The People’s Bank of China added 8 metric tons of gold that month, marking its 18th consecutive month of increases, while Poland’s central bank led globally with 14 metric tons purchased. In technology, Alphabet announced it is increasing its fundraising target from $80 billion to $84.75 billion to accelerate AI infrastructure development, with Berkshire Hathaway participating in a $10 billion private placement. NVIDIA CEO Jensen Huang unveiled the RTX Spark superchip at COMPUTEX 2026, declaring that “the PC is undergoing its first major transformation in 40 years,” fully betting on the Windows AI PC and agent-based AI era.
Strong Nonfarm Payrolls Data Boosts Expectations for Fed Rate Hike, Tech Stocks Lose $1 Trillion in Single Day
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Summary
Fed data shows U.S. nonfarm payrolls surged to 172,000 in May, well above the 85,000 forecast, raising the probability of a December rate hike to 63%. The dollar index rose above 100, gold fell for a fourth consecutive week, and tech stocks lost over $1 trillion in a single day. The Fear and Greed Index shifted toward fear as markets reacted. Tensions in the Middle East remain elevated, and SpaceX set its IPO price at $135, aiming to raise $75 billion on Nasdaq.
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