Wall Street’s nine-week winning streak ended as tech stocks dragged the Nasdaq to its biggest daily drop since April 2025 after a strong May jobs report fueled rate hike fears. US-traded chipmakers plunged, losing about $1.3 trillion in market value.
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About The Author
It's evidence of a broken system when a GOOD jobs report triggers a sharp downturn in the stock market
The collapse of the U.S. economy has begun.