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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
US stock indices ended the session on a mixed note as the Nasdaq fell sharply during the final hour of trading due to a sudden selloff in technology stocks, while the Dow Jones managed to rebound. According to analyst reports, the early-session momentum in the tech sector completely reversed late in the day, dragging down growth-heavy indices despite a positive start, highlighting a shift in investor sentiment toward the close.
This late-session tech slump occurred despite resilient economic data, with the US ISM Services PMI reaching 54.5, exceeding the forecast of 53.8 according to market data on June 3, 2026. Mega-cap tech peers such as Nvidia and Apple faced renewed pressure in the final hour, suggesting that investors remain sensitive to growth valuations even as broader market segments within the Dow Jones showed signs of recovery.
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Sign InLooking ahead, market participants are focused on the Initial Jobless Claims report due on June 4, 2026, with a forecast of 213k, to further gauge labor market strength. Investors will also be closely watching upcoming speeches from Federal Reserve officials later this week for clarity on monetary policy, as the indices test key support levels following this latest bout of volatility.