U.S. markets drop sharply as Nasdaq falls over 4% amid declines in semiconductor stocks

KuCoinFlash

Release Time: 06/05/2026 20:32:30

Summary

The Fear and Greed Index dropped sharply as U.S. markets plunged on June 6. The Dow fell 1.35%, the S&P 500 dropped 2.65%, and the Nasdaq plunged 4.18%. The S&P 500 ended a nine-week winning streak with its largest single-day decline since October 2025, while the Nasdaq recorded its worst drop since April 2025. Semiconductor stocks led the sell-off, with the Philadelphia Semiconductor Index down 10%. Major names including NVIDIA, TSMC, Broadcom, and Intel all declined between 6% and 11%. The daily market report reflects a broad-based retreat across key indices and technology sectors.

BlockBeats news, on June 6, U.S. stocks closed lower on Friday: the Dow Jones Industrial Average fell 1.35% preliminarily, the S&P 500 dropped 2.65% (ending its nine-week winning streak), and the Nasdaq Composite declined 4.18%. The S&P 500 recorded its largest single-day drop since October 2025, while the Nasdaq posted its biggest one-day decline since April 2025.

Most semiconductor stocks declined, with the Philadelphia Semiconductor Index closing down 10%, marking its largest single-day drop since April 2025. NVIDIA (NVDA.O) fell over 6%, TSMC (TSM.N) dropped 6.68%, Broadcom (AVGO.O) declined nearly 8%, and Intel (INTC.O) slid more than 11%.

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