Nasdaq 100 slides 4.8% as traders dump tech stocks | The National
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Source: The National (UAE)
Published: 2026-06-06 07:27 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Technology & AI, Financial Markets, Labour & Workers, Business & Economy, Technology
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Snippet:
The massive months-long rally in US stocks took a painful turn on Friday as traders rushed to dump mega-cap technology stocks and snap up more defensive names, while the latest employment data boosted expectations for an interest-rate hike this year.
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