
Wall Street's worst day of 2026: Nasdaq -4.1%, chip stocks lose ~$1tn after hot May jobs report flips Fed-hike odds
US equities suffered their worst session of 2026 on Friday, June 5, after a far-stronger-than-expected May jobs report pushed traders to price interest-rate hikes rather than cuts. The economy added 172,000 jobs versus consensus near 80,000-88,000, with unemployment steady around 4.3%. The Nasdaq Composite tumbled about 4.1% (or 4.18%), its worst day since April 2025; the S&P 5





