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U.S. Stocks Tumble as Nasdaq Plunges Over 4%, Chip Sector Shed Over $1 Trillion in Value on Friday

2026-06-07 22:58:10

According to Guru Club, U.S. stock indices fell sharply on Friday, June 6. The Nasdaq dropped over 4%, the Semiconductor Index (SOX) plummeted more than 10%, and the broader chip sector experienced a severe selloff, wiping out over $1 trillion in market value. The decline was preceded by strong U.S. employment data: May non-farm payrolls increased by 172,000 jobs, exceeding expectations, while the unemployment rate held steady at 4.3%. The robust jobs report pushed market expectations for Federal Reserve rate hikes in December to 63%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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