US stocks slump as fears over Big Tech shake Wall Street

The Nasdaq saw its biggest daily fall since early 2025.

On June 5, 2026, Wall Street experienced its largest losses in eight months, with the S&P 500 dropping 2.6% due to significant sell-offs in major technology stocks and concerns over potential interest rate hikes following strong employment data.

On June 5, 2026, Wall Street's nine-week winning streak ended abruptly, with the Nasdaq Composite Index and S&P 500 experiencing significant declines due to a sell-off in technology stocks and concerns over potential Federal Reserve interest rate hikes following strong employment data.

On June 5, 2026, the Nasdaq experienced its worst session in 14 months, dropping 4.2% amid a severe selloff in chip sector stocks, triggered by a stronger-than-expected May jobs report leading to concerns about the sustainability of massive spending by AI companies.

On June 5, 2026, Wall Street tumbled as semiconductor stocks extended their selloff, and a robust employment report fueled fears of a hawkish policy pivot from the Federal Reserve, with the Nasdaq Composite Index experiencing its largest one-day percentage drop since October 10.

The US markets witnessed one of the worst selloffs since April 2025. The rout in tech stocks across the board led to a 4.7% drop in the NASDAQ index. Among the key triggers, muted guidance from Broadcom, overbought sentiment in tech stocks, and profit booking ahead of Mega IPOs were the key contributing factors to Friday's fall.

US stocks closed sharply lower on Friday as a broad selloff in semiconductor shares and a stronger-than-expected jobs report sparked concerns that the Federal Reserve could maintain a hawkish stance on interest rates. The technology-heavy Nasdaq Composite fell more than 4%, marking its largest one-day decline since the tariff-driven market turmoil of early 2025.

Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April 2025 after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve. Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs.

Stocks tumbled as a selloff in tech stocks, driven by concerns over the sustainability of the AI boom and potential Federal Reserve rate hikes, intensified market fears.

Wall Street tumbled as semiconductor stocks extended their selloff, and a strong employment report fueled fears of a hawkish policy pivot from the Federal Reserve.

Wall Street's key indices closed heavily in the red, hit by a massive sell-off in technology stocks and fears of upcoming rate hikes by the US Federal Reserve.

The Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs, but all three major U.S. stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since April 2025.

The Nasdaq posted its steepest one-day percentage drop since April 2025, with chip stocks leading a broad sell-off across U.S. equities, erasing about $1.3 trillion in market value.

The U.S. stock market had its worst day since October, with major technology companies like Nvidia, Broadcom, and Micron Technology seeing steep losses, and a strong jobs report fueling expectations of Federal Reserve interest rate hikes.

U.S. stock markets experienced their worst decline since October, driven by a sharp sell-off in major technology stocks and a strong May jobs report that increased the likelihood of future Federal Reserve interest rate hikes.

The Nasdaq Composite plunged 4.18% to 25,709.43 on Friday, marking its worst day since April 2025, driven by a selloff in semiconductor stocks and concerns over potential Federal Reserve rate hikes.

All three major U.S. stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since April 2025. The downturn was fueled by a strong May jobs report that raised fears of a hawkish policy shift from the U.S. Federal Reserve.

Stock markets suffered a sharp drop on Friday, with the tech-heavy Nasdaq index undergoing its biggest one-day drop since April 2025. A surprisingly strong US jobs report for April sparked a sell-off, with major US markets ending the week in the red.

Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April 2025 after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve. Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs. All three major U.S. stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since April 2025.

Stocks fell on Wall Street as big technology companies lost ground, and bond yields surged following a strong jobs report that dimmed expectations of Federal Reserve interest rate cuts this year.

Stock markets suffered a sharp drop, with the tech-heavy Nasdaq index seeing its biggest one-day drop since April 2025, amid fears that gains may be unsustainable and a strong US jobs report for April.