Nasdaq Tumbles Amid Persistent Tech Sell-Off on Friday

The Nasdaq Composite fell sharply on Friday, June 5, 2026, as technology stocks extended a prolonged downturn. The index dropped 2.3% to 18,240, leading losses among major U.S. benchmarks and putting it on track for its worst weekly decline in three months. A batch of disappointing earnings from chipmakers and cloud software firms reignited concerns about inflated valuations. Megacap stocks including Nvidia and Microsoft each slid more than 3%, while the Philadelphia Semiconductor Index plunged 4.1%. Traders cited renewed fears that corporate AI spending is failing to translate into near-term revenue gains. The S&P 500 declined 1.4%, and the Dow Jones Industrial Average shed 0.8%. The sell-off underscored a rotation away from growth sectors as investors braced for next week’s inflation data and a potential Federal Reserve policy tilt.