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Stock Market on June 5, 2026: Dow falls 695 points after U.S. jobs report; S&P 500 and Nasdaq end sharply lower to book biggest percentage drops since 2025 after big losses in tech sector; Treasury yields jump MarketWatchNasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise CNNAmazon, Microsoft fare better than most in tech stock sell-off spree The Seattle TimesNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBC
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Stock Market Today: Nasdaq Drops 2% After Strong Jobs Report — Live Updates WSJNasdaq drops the most in more than a year as chips tumble; S&P 500's 9-week winning streak set to end: Live updates CNBCTech Stocks Fall. Why Broadcom, Google, AI IPOs May Have Triggered Sell-Off. Investor's Business DailyStocks and Bonds Fall as Jobs Fuel Fed-Hike Bets: Markets Wrap Bloomberg
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Amid widespread tech layoffs, some highly skilled workers are making radical career changes. Some laid-off workers are turning to lower paying temp jobs, and some are leaving tech altogether.
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S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic Ars TechnicaSpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules ReutersSpaceX and Other Mega IPOs May Wait Years to Join the S&P 500 Bloomberg.comThe S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway Fortune
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Stock investors may not love it — but bond investors already heavily engaged in funding the AI buildout are pleased.
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Tech sell-off, rate-hike fears drive Wall Street plunge Yahoo FinanceNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBCStrong Job Growth Weakens Stocks WSJS&P 500 set for worst day this year on AI weakness, rising odds for Fed rate hikes CNNWall Street slumps as chips slide, robust jobs data stokes fears of hawkish Fed Reuters
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California's proposed tax on billionaires is an opportunity may change the careers of Massachusetts-educated tech leaders.
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