US stock markets this week: S&P 500's 9-week rally ends, falls 2.6%; Nasdaq tumbles 4.5% as tech stocks crash
US stock markets ended a nine-week rally with significant declines, as the S&P 500 fell 2.6% and the Nasdaq Composite tumbled 4.5%, marking its largest drop since April 2025. The selloff was primarily driven by technology stocks, particularly semiconductors and artificial intelligence-linked companies, which had...
Bullish Signals
- S&P 500 decline seen as healthy tech rotation, not panic.
- Wall Street balances strong data with rising bond yields.
- Trump criticizes market focus on inflation over jobs report.
- Ceasefire efforts ease fighting, reducing market panic risk.
- Move viewed as profit-taking after powerful multi-year rally.
Bearish Signals
- Nasdaq tumbled 4.5%, largest drop since April 2025.
- Tech giants Nvidia and Intel fell 6.2% to 13.3%.
- Broadcom missed AI chip demand outlook, signaling sector weakness.
- Strong jobs report fuels fears of delayed Fed rate cuts.
- Bond yields rose above 4.5%, raising borrowing cost concerns.