U.S. Stocks Swing on Tech Gains and Strong Jobs Report

U.S. equity markets opened the week on a strong upward trend, led by a rally in the technology sector. The surge helped the Dow Jones Industrial Average set a new record, while Nvidia became the first company to breach a $5 trillion market value. The rally was further supported by news of a U.S.–Iran cease‑fire agreement that pushed oil prices lower.

Later in the week, a better‑than‑expected May jobs report showing faster‑than‑forecast employment growth sparked concerns that the Federal Reserve may raise interest rates again. The news triggered a sell‑off in technology shares, dragging the Nasdaq down and leaving the Dow barely in positive territory. Investors now weigh the contrasting impacts of strong labor market data against the earlier tech‑driven rally and the potential for tighter monetary policy.