The Nasdaq lost nearly a month's worth of gains Friday.
The Nasdaq 100 Index plunged 3% at 12:22 p.m., putting the tech-heavy gauge on track for its biggest drop since October. Find out more.
Information technology stocks on the S&P 500 slid 5.8 per cent
S&P 500 fell 2.6%, Nasdaq 4.2%, semiconductors 10.3%—Broadcom earnings miss and Fed rate-hike expectations triggered the selloff. Tech leaders should expect rising borrowing costs and capital constraints as Big Tech dilutes equity to fund AI infrastructure.
The Nasdaq 100 fell 5% on June 5 after a blowout jobs report sent Treasury yields surging, hammering semiconductor and AI stocks in the worst daily loss of
Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a nine-week rally, while persistent Middle…
Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a…
By Joseph Adinolfi and Gordon Gottsegen
Nvidia fell 6.2%, Broadcom dropped 7.9% and Micron Technology slid 13.3% for the biggest loss among stocks in the S&P 500.
The S&P 500 fell 2.64 percent, while the tech-heavy Nasdaq Composite fell 4.18 percent, as AI-related stocks pulled back, after surging in recent weeks