President Trump on Jobs Report

By Gerelyn Terzo Published Jun 5, 12:21PM EDT

Quick Read

May nonfarm payrolls hit 172,000, more than doubling the 85,000 estimate, sending the Nasdaq down 2% as rate hike fears resurfaced.
JPMorgan upgraded TSLA to Neutral and tripled its price target to $475, citing Tesla's lead in physical AI and expanding addressable markets.
Jensen Huang confirmed Samsung, SK Hynix, and MU all qualified to supply HBM4 memory for NVDA's next-generation Vera Rubin AI platform.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

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← Back to Full Coverage: Live Nasdaq Composite: Chip Selloff and Rising Yields Weigh on Nasdaq After Jobs Report Stuns

President Trump criticized the market’s reaction to Friday’s jobs report, taking to Truth Social to argue that strong employment numbers should be sending stocks higher, not lower. “With a great Jobs Report, like just announced, stocks should go up, not down. That’s the way it was for 200 years. Growth does not mean inflation! How else can a Country attain GREATNESS??? President DJT,” he wrote. Markets, however, are telling a different story, with the Nasdaq leading a broad selloff as investors zero in on what a blowout jobs number means for the Federal Reserve’s next move on interest rates.

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Google Backfires

Jun 5, 2026 12:58 PM | Gerelyn Terzo

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Alphabet (NASDAQ:GOOGL) is carrying some baggage into the weekend, with shares on track for a fourth straight weekly loss following a stretch that has seen the enthusiasm from last month’s brief Nvidia market cap overtake give way to a more cautious read on the stock. Adding to the pressure, Alphabet disclosed this week that it is looking to pull in $85 billion through equity sales, a number that crept up $5 billion from its original figure. The timing is drawing attention beyond just the dollar amount, with Anthropic and OpenAI both readying their own landmark public offerings, Alphabet may be making a calculated move to get in front of investors before that wave of AI-driven supply hits the market.

SpaceX to the Moon

Jun 5, 2026 10:16 AM | Gerelyn Terzo

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Morgan Stanley is making the case that SpaceX’s $1.77 trillion IPO valuation may not be far out. Analysts predicxt the Elon Musk-led space company could generate $3.4 trillion in revenue by 2040, a forecast anchored largely by what they see as explosive growth in its AI business in the years ahead.

SpaceX posted $18.7 billion in revenue in 2025, and with plans to raise roughly $75 billion in what would rank as the largest public offering in history, the roadshow kicking off Thursday is asking investors to bet not just on rockets and satellites, but on a company positioning itself at the intersection of space infrastructure and artificial intelligence for decades to come.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.