US stock markets today (June 5, 2026): S&P 500, Nasdaq fall as tech stocks slide; strong jobs data dims rate-cut hopes

US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal Reserve this year.The S&P 500 fell 0.7%, while the Dow Jones Industrial Average declined 81 points, or 0.2%. The tech-heavy Nasdaq Composite dropped 1.4%, weighed down by losses in…

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Pakistan’s $35 billion trade deficit rings alarm bells as PKR faces pressure despite forex gain

Pakistan’s foreign exchange reserves are nearing the government’s $18 billion target for FY26, but a widening trade deficit, mounting external payment obligations and pressure on the rupee are raising concerns about the country’s economic stability, PTI reported.Data released by the State Bank of Pakistan (SBP) showed the country’s foreign exchange reserves increased by $43 million…

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Renault Duster SUV fuel-efficiency revealed: More efficient than these SUVs!

Renault India today announced an ARAI-certified fuel-efficiency figure of 19.41kmpl for the Duster’s 1.0-litre Turbo TCe 100 petrol engine, making it the most fuel-efficient powertrain currently offered in the SUV’s range. The mileage figure exceeds that of the 1.3-litre turbo-petrol variants, which return 17.75kmpl with the manual gearbox and 18.45kmpl with the automatic transmission. The…

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‘Success of reforms and hard work of 140 crore Indians’: PM Modi hails 7.7% GDP growth in FY26

Hailing India’s 7.7% GDP growth in FY26, Prime Minister Narendra Modi on Friday said the expansion reflected the “inherent strength” of the economy, the “success of reforms” and the “hard work of 140 crore Indians”.“India’s growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect…

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India can return to 7% growth by FY28 despite near-term risks, says CEA Nageswaran

India can return to a growth trajectory of over 7% in FY28 through macroeconomic stability and supply-side measures, provided external conditions improve, Chief Economic Adviser V Anantha Nageswaran said on Friday.The comments came after the Reserve Bank of India lowered its GDP growth forecast for FY27 to 6.6% from 6.9% projected in April, citing elevated…

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‘Preferential access over competitors’: Piyush Goyal says first phase of India-US trade deal likely by next month

India-US trade deal: Sharing an important update on discussions for the much-anticipated India-US trade deal, Commerce minister Piyush Goyal on Friday said that the first tranche could be finalised as early as next month.India and the US are making rapid progress towards resolving the remaining issues in their proposed interim trade arrangement, with both countries…

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Ultraviolette F77, X-47 buyers get cashback based on old bike usage: Details

Ultraviolette has announced a new ownership benefit programme. Called ‘Kill the Petrol Bill’, the initiative offers cashback benefits to buyers of the Ultraviolette F77 and X-47 based on the usage of their previous petrol-powered two-wheelers.Under the scheme, customers can receive cashback equivalent to the kilometres covered on their old motorcycle or scooter over the last…

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