Stocks slumped last week as investors winced over the potential for oil-shock inflation and concerns that strong jobs data could lead to higher interest rates.

The Dow Jones Industrial Average slipped 0.32 percent, while the Standard & Poor’s 500 Index dropped 2.59 percent. The Nasdaq Composite Index fell 4.68 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, slid 1.41 percent.

Under Pressure

June kicked off with modest gains as a tech rally overcame rising oil prices. On Monday, all 3 averages logged new all-time intraday highs and record closes. The S&P 500 recorded its first close above 7,600 on Tuesday, while the Dow advanced nearly a half percentage point.

But stocks fell midweek as oil prices rose further. The S&P 500 broke its nine-day winning streak as investors fretted about the inflationary effects of the Middle East. By Wednesday’s close, the S&P and Dow Industrials had given back all the gains from the start of the week.

On Friday, a stronger-than-expected jobs report prompted worries that the Fed may have to adjust short-term interest rates. Markets fell broadly, with the S&P down over 2½ percent for the session and the Nasdaq down over 4 percent.

May Jobs

The federal government’s nonfarm payrolls report was out on Friday. The economy added 172,000 jobs in May, more than double what economists expected.

Employers were playing catch-up after pausing hiring amid last year’s trade policy uncertainties and federal government budget cuts. Unemployment remained at 4.3 percent for the month. ADP’s report on private-sector hiring, released Wednesday, tracked similarly to the federal data.

Tuesday: NFIB Small Business Optimism Index. U.S. Trade Balance. Existing Home Sales. Wholesale Inventories.

Wednesday: Consumer Price Index (CPI). Federal Budget.

Thursday: Weekly Jobless Claims. Producer Price Index (PPI).

Friday: Consumer Sentiment.

Source: Econoday

Wednesday: Oracle Corporation (ORCL)

Thursday: Adobe Inc. (ADBE)

Source:Zacks.com

Sources: YCharts.com, June 6, 2026

Weekly performance is measured from the close of trading Monday June 1, to Friday, June 5 close.

5-Minute Core-Strengthening Workout

Even if you only have a little time to dedicate to a core workout, this circuit will get you going and only takes 5 minutes. Here are the moves:

• 1-minute high plank: Your hands are on the ground, your arms are straight, and you are holding your body up with your arms and a tight core.
• 30-second side plank on each side: One hand is on the ground, your arm is straight, and the other is in the air. You can do a side plank with your feet stacked on each other (most challenging), your feet staggered (a little easier), or your bottom knee on the ground.
• 1-minute boat pose: Your feet are in the air, and your arms are by your side, reaching to your feet. You can pose with your legs bent (easier) or straight out (harder).
• 1-minute crunches: Lift your shoulders and upper back off the ground without pulling your neck.
• 1-minute dead bug: Lie on your back and alternate, extending the opposite arm and leg simultaneously.

Tip adapted from Nourish Move Love

Asparagus Pakoras

Serves: 6

Ingredients:

• 1½ cups chickpea flour (aka gram flour or besan)
• 2 tsp. cumin seeds
• 1 tsp. kosher salt, plus more for sprinkling
• 1¼ tsp. medium-hot red chile powder, such as Kashmiri, plus more to taste
• ⅛ baking soda
• ½ cups coarsely chopped cilantro
• Vegetable oil, for frying
• 1 lb. asparagus, fibrous ends discarded
• Lemon wedges, for serving
• Tamarind chutney, for dipping (optional)

Directions:

1. In a medium bowl, whisk together the chickpea flour, cumin, salt, and chile powder. Slowly whisk in 1¼ cup of lukewarm water, adding an additional ¼ cup water if necessary until the mixture is well combined, has air bubbles, and resembles a thin pancake batter. Whisk in the cilantro.
2. Into a large pot set over medium-high heat, pour the oil to a depth of 2 inches and attach a deep-fry thermometer. When the temperature reads 350°F, dip one asparagus spear into the batter, allowing any excess to drip back into the bowl, and carefully lower it into the oil. Repeat with the remaining spears, working in batches if necessary. Fry, turning occasionally, until golden brown all over, about 3 minutes. Transfer to a paper-towel-lined plate, sprinkle with salt, and serve hot with lemon wedges and chutney if desired.

Recipe adapted from Saveur

The Two Ways to Aim Your Putter

One Foot Ahead: Let’s say you read your putt and determine its going to break 18 inches from right to left. Some golfers can’t “see” the line. If this is the case, make the read and pick a spot in front of your ball to hit the putt.

The goal is to imagine the ball rolling over that spot and then turn the full 18 inches into the hole. This makes it easy to focus on a small target (like a discoloration in the green or a grain of sand) as opposed to picking a spot in the distance.

Find the Apex: Other golfers who are more right-brained, visually oriented prefer to find the apex like Tiger Woods. Let’s’ say you have that 18-inch putt again. If you’re more visual, you would find the apex spot on your line and try to hit it there.

The goal is to pick a spot in the distance at the point where the putt is going to break the most and start coming back to the hole. Try to pick a divot, old cup or discolored grass to not lose your mark.

Tip adapted from theleftrough.com

Is It Time for a Paycheck Checkup?

Paycheck checkups are a great practice when something happens in your life that may change your tax status, such as getting married or divorced, having a baby, getting a new job, or getting a raise or promotion. You can also adjust your withholding status if you want to change the tax withheld due to other circumstances.

Other factors can also be checked during your paycheck checkup, such as how much you contribute to your health insurance and retirement. These expenses can also impact your tax liability.

Tip adapted from IRS.gov

Photo of the Week

Zambezi River at Victoria Falls, Matabeleland North, Zimbabwe

Victoria Falls, Matabeleland North, Zimbabwe

Financial planning and investment advisory services offered through Cleveland Wealth, LLC, a Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified wealth advisor and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.