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Fri, 05 Jun 2026

Fri, 05 Jun 2026 US stocks slump as fears over Big Tech shake Wall Street

The Nasdaq saw its biggest daily fall since early 2025.

* Nasdaq index fell by over 4%
* S&P 500 closed 2.6% lower
* Dow Jones Industrial Average dropped 1.35%
* Bitcoin price plummeted due to investors offloading riskier assets
* Digital assets suffered a sharp selloff on Friday
* Investors shifted away from tech stocks and towards traditionally safer investments like healthcare, utilities, and consumer staples


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