Jun 6, 2026 – 3.54amThe Nasdaq Composite briefly fell more than 3 per cent lower on Friday (Saturday AEST) after May’s US payrolls data came in far stronger than expected, bolstering the case for an interest rate hike. Gold slumped.The economy added 172,000 jobs last month, well above the 50,000 to 125,000 expected range. The jobless rate held at 4.3 per cent for a third consecutive month.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles