Ajith

Nasdaq suffers worst day in over a year The tech-heavy Nasdaq Composite plunged 4.2% on June 5, 2026, marking its biggest single-day drop since April 2025 as investors rushed out of AI and semiconductor stocks. What triggered the selloff? A stronger-than-expected US jobs report boosted fears that the Federal Reserve may keep interest rates higher for longer. Treasury yields surged, hurting high-growth tech companies that depend on cheaper financing. AI-related stocks including chipmakers faced aggressive profit-taking after a massive rally earlier this year. Weak sentiment around semiconductor earnings, especially after disappointing guidance from Broadcom, intensified panic selling. Market impact The S&P 500 dropped 2.6%. The Dow Jones Industrial Average lost nearly 700 points. Semiconductor shares recorded their sharpest decline since 2020. Short-term outlook Analysts believe volatility could continue as markets reassess Federal Reserve policy expectations and AI sector valuations. If bond yields remain elevated, technology stocks may stay under pressure in the near term. However, some strategists still view this decline as a healthy correction after an extended AI-driven rally. #NasdaqWorstDayInOverAYear #USHouseHearingSevenCryptoTaxBills #TrumpSaysQuickEndToUSIranWar #TrumpSaysWillQuicklyEndIranWar #levelsabovemagical $ALLO $VELVET $BLUAI