---
title: "US May Non-Farm Employment Significantly Beats Expectations, NASDAQ Drops Over 1% in Early Trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288870952.md"
description: "The US May Non-Farm Employment data came in stronger than expected, leading the market to bet on a Federal Reserve rate hike in October. Affected by this, US stocks fell in early trading, with the NASDAQ dropping over 1%. Technology stocks generally declined, with NVIDIA, AMD, and memory chip stocks seeing significant losses"
datetime: "2026-06-05T13:33:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288870952.md)
  - [en](https://longbridge.com/en/news/288870952.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288870952.md)
---

# US May Non-Farm Employment Significantly Beats Expectations, NASDAQ Drops Over 1% in Early Trading

The US job market rebounded strongly in May, with traders betting that the Federal Reserve will start raising interest rates in October. The NASDAQ Composite Index fell 1.13% in early trading, the S&P 500 Index dropped 0.66%, and the Dow Jones Industrial Average rose 0.10%. Most US technology stocks declined, with NVIDIA falling over 1.9% and AMD dropping over 4%. Optical communication and memory chip stocks continued to slide, with Micron Technology down over 5%, SanDisk down over 4%, and Marvell Technology down over 5%.

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