The S&P 500 slipped from roughly 7,580 on the prior Friday to close at 7,383.74, recording a weekly loss of about 2.6%. The Dow Jones Industrial Average eased from near 51,000 levels to 50,866.78, finishing modestly lower by around 0.3%. The Nasdaq Composite posted the largest decline, falling from about 26,973 to 25,709.43 for a drop of roughly 4.7%, with technology and chip stocks leading the selloff.

International equities, tracked via the VXUS ETF, followed suit with weakness. The fund moved from around 86.25 area to close at 83.03, equating to a weekly decline of approximately 3.7% as global sentiment turned more cautious.

The bond market saw higher yields, with the 10-year Treasury rate climbing from 4.45% on May 29 to 4.55% by June 5, an increase of 10 basis points after the stronger-than-forecast May jobs report tempered hopes for imminent Fed cuts. Bitcoin faced sharp pressure, tumbling from the low-73,000 range late May to near 60,900, a weekly slide exceeding 16%. Gold also gave back ground, declining from over 4,500/oz toward about 4,330/oz for a roughly 4% weekly loss amid rising yields and a firmer dollar.

In summary, risk assets corrected after recent strength, with growth-oriented names hit hardest by shifting policy expectations; participants now turn their focus to upcoming inflation readings and central bank commentary for fresh cues.