US Semiconductor Shock: Nasdaq Plunges 4.18% as Rate Hike Odds Surge to 70%
Table of Contents The Numbers That Shook Markets Semiconductor Carnage: A Sector Under Siege The CPI-Inflation Connection Rate Hike Fears: The Fed Tightening Calculus Broader Market Spillover My Take — Trade Recommendations The Numbers That Shook Markets The selling started in New York and the shockwaves landed in Seoul before breakfast. On June 5, 2026, the Nasdaq Composite collapsed 1,121 points to close at 25,709.43, a decline of 4.18% and the worst single session since April 2024. According to data compiled by Bloomberg Terminal, that marked the largest one-day point drop in 14 months and erased roughly $1.2 trillion in market capitalization across the U.S. tech complex. The trigger was deceptively simple: the U.S. Bureau of Labor Statistics reported non-farm payrolls at 172,000 for May, more than double the consensus estimate of 80,000. The March figure was concurrently revised up to 214,000 from a previously reported 190,000, while April came in at 1...