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Nasdaq Tumbles 250 Points as Geopolitical Tensions Fuel Market Fear
The Nasdaq Composite dropped 250 points as the Fear & Greed Index hit 33.5 following reports of a U.S. helicopter incident.
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Financial markets experienced a significant shift as Broadcom's revenue miss triggered a semiconductor selloff, leading the S&P 500 to its largest single-day drop since April 2025. Conversely, the Dow Jones rallied 900 points as investors rotated out of tech, even as 10-year Treasury yields surged to their highest levels since May 2025. The week concluded with the S&P 500 snapping a nine-week winning streak, posting a 2.6% weekly loss following a stronger-than-expected jobs report.
The Nasdaq Composite dropped 250 points as the Fear & Greed Index hit 33.5 following reports of a U.S. helicopter incident.
Read the full storyUS indices declined as investors pivoted to the dollar amid Middle East tensions and a stronger-than-expected labor market adding 172K jobs in May.
S&P 500 and Nasdaq fell as a temporary chipmaker rebound faded, pressured by resumed tech selling and Trump's vow to respond to a downed US helicopter.
The index fell 2.6% this week, snapping a nine-week winning streak as robust US labor market data fueled concerns over the Federal Reserve's interest rate path.
Broadcom's revenue miss triggered a semiconductor selloff, while the Dow Jones surged 900 points as investors rotated into non-tech blue-chip sectors.
U.S. equity futures edged lower premarket as weakness in Broadcom weighed on the technology sector, overshadowing gains in retail and distribution stocks.
The 10-year Treasury yield surged toward 4.6%, triggering concerns over profit-taking and technical resistance for the S&P 500.