U.S. stocks split as weak June hiring lifts rate-pause bets while chip shares slide
AI Market Summary
U.S. June payrolls rose only 57,000 versus 100,000 expected, pushing Treasury yields lower and lifting odds the Fed holds rates this month. The rate-relief impulse supported broad equities and crypto-linked stocks, but AI/semiconductor leaders sold off sharply on valuation and profit-sustainability concerns, with Nvidia and peers pressuring major indexes. Brent crude also eased on de-escalation hopes, reducing near-term inflation pressure.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT+0.21%
AI Insight · NCSKNVDA2USD/USDTAI Insight
● Neutral
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U.S. employers added 57,000 jobs in June, well below the 100,000 economists expected, boosting expectations that the Federal Reserve will hold rates steady. The 10-year Treasury yield slipped back to 4.47%, while traders priced an 82% chance of no rate hike at the Fed’s meeting later this month. AI-linked chip stocks fell sharply, with Nvidia down 2%, Micron sliding 5.7% and Applied Materials dropping 9.2%. Brent crude eased 0.6% to $71.16 a barrel amid hopes for a permanent end to the war with Iran.
