Anonymous8 days ago
U.S. stock markets suffered their steepest single-day losses since April 2025 on June 5, 2026, with the Nasdaq falling 4.18%, the S&P 500 dropping 2.64%, and the Dow declining 1.35%, driven by a stronger-than-expected May jobs report that doubled consensus forecasts and a semiconductor sector rout triggered by Broadcom's disappointing AI chip guidance. The sell-off wiped an estimated $1 trillion in market capitalization, raised the probability of a Fed rate hike to 70%, and reignited debate about the structural risks posed by Big Tech's outsized share of major indices.