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The U.S. military has confirmed it began launching strikes against Iran, according to Reuters. This represents a major escalation in geopolitical tensions involving the United States and Iran. No specific corporate or market actions are cited in the article.

US May nonfarm payrolls came in at +172K, nearly double the +85K consensus, with prior months revised up by 93K, triggering a sharp bond selloff, USD strength, and a broad equity market decline — the NASDAQ's worst day since April 2025. Canada also beat expectations with +87.8K jobs vs. +10K forecast. The strong data reduced near-term Fed rate-cut expectations, with the 2-year Treasury yield rising 10bps to 4.15%; gold fell 3.29% and Bitcoin dropped sharply on the week.

Iranian state media reports that Iran's Islamic Revolutionary Guard Corps (IRGC) has attacked the US Fifth Fleet headquarters and an airbase, according to Reuters. The incident represents a major escalation in Middle East geopolitical tensions. No further details on casualties, damage, or US response are provided in the initial report.

Snowflake shares surged approximately 35%, on pace for their best single-day gain ever, driven by AI-related enthusiasm. The move lifted peers including ServiceNow, Oracle, and Palantir, though Salesforce moved against the trend. No specific earnings, product, or deal catalyst is detailed in the article beyond broad AI sentiment.

The U.S. has carried out new military strikes against a military site in Iran, according to a Reuters exclusive citing an official. The action represents a significant escalation in U.S.-Iran tensions. No further details on the specific target or scope of the strikes were provided in the report.

U.S. crude oil (WTI) dropped roughly 6% to below $89 per barrel after a report indicated Iran would restore traffic through the Strait of Hormuz within one month as part of a framework agreement with the U.S. The potential deal would ease a key geopolitical supply-risk premium that had been supporting oil prices. No final agreement has been confirmed, adding uncertainty to the magnitude of the move.