Investors Dump Big Tech Stocks, Pushing Nasdaq to Biggest Daily Drop Since Early 2025
Saturday, June 6, 2026
US stocks fell sharply as investors dumped Big Tech shares, pushing the Nasdaq to its biggest daily drop since early 2025 and adding fresh pressure to a market that had been on a long winning streak, according to Bloomberg and the BBC.
The sell-off hit the Nasdaq 100 especially hard, with Bloomberg reporting a 5% slide as traders rushed out of mega-cap technology names and into more defensive stocks. The drop came after a solid jobs report lifted bond yields and increased bets that the Federal Reserve could still raise interest rates this year, a combination that weighed heavily on growth stocks and AI-linked names.