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U.S. equities tumbled Friday because of a violent sell-off for chip stocks. The tech-heavy Nasdaq Composite lost 4% for its biggest decline since the tariff turmoil of early 2025. The catalyst for the chip turn this week was unclear.

Markets News: June 5, 2026: Nasdaq Ends Day 4% Lower, Tech Stocks Plunge; S&P 500 Snaps 9-Week Winning Streak; Treasury Yields Rise; Bitcoin Drops Below $60,000

The much-awaited SpaceX IPO, priced at $135 a share, is all set to list on Nasdaq exchange for trading, and has lifted Elon Musk's net worth to roughly $982 billion, according to Forbes calculations,

The Dow Jones Industrial Average rallied to a fresh all-time high on Thursday, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favor of non-tech stocks.

U.S. stocks ended another tumultuous day lower as markets reel from President Donald Trump’s latest threats to crank his tariffs higher. The S&P 500 sank 0.2%. The Dow Jones Industrial Average fell 349 points,

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