Wall Street's Rollercoaster: Tech Stocks Tumble after May Jobs Report
Published on: June 6, 2026, 2:05 a.m. | Source: Devdiscourse
Wall Street saw a sharp downturn as technology stocks fell following a strong May jobs report. The Nasdaq composite dropped 4.2%, while the S&P 500 lost 2.65%. The decline, triggered by weak guidance from Broadcom and rising Treasury yields, has investors concerned about interest rate hikes by year end.
