US stocks slump as fears over Big Tech shake Wall Street

Business

Stock markets suffered a sharp drop on Friday, with the tech-heavy Nasdaq index seeing its biggest one-day drop since April 2025. With fears mounting that gains so far this year may be unsustainable, a surprisingly strong US jobs report for April sparked a selloff, with the major US markets ending the week in the red. The data stoked fresh fears among investors that the Federal Reserve will keep interest rates higher for longer, especially as inflation remains stubborn. The Nasdaq index fell by

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US stocks slump as fears over Big Tech shake Wall Street http://www.bbc.com - 05.06.2026 21:38

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US stocks slump as fears over Big Tech shake Wall Street http://www.bbc.com - 05.06.2026 21:38