Extended Tech Sell-Off Sends Nasdaq Down 2% as Apple, Microsoft Lead Declines

U.S. equities fell sharply on June 5, 2026, as an extended technology sell-off intensified, dragging the Nasdaq Composite down 2% and the S&P 500 1.5% lower. The Dow Jones Industrial Average shed 400 points. Heavyweight stocks including Apple (AAPL) and Microsoft (MSFT) slid more than 3%, extending a rout that has erased trillions in market value this week. The slide accelerated after Federal Reserve minutes signaled a willingness to keep interest rates elevated for longer, pushing the 10-year Treasury yield to 4.5%. Investors rotated out of high-growth tech shares into defensive sectors, with the Cboe Volatility Index topping 22. Despite robust U.S. employment data, expectations for a September rate cut diminished, fueling the flight from richly valued stocks as the tech-led losses deepened.