Public Markets 8 Hours

Last updated: June 5, 2026, 11:31 PM ET

Market Indices & Performance

The WSJ Dollar Index rose 0.6% in recent trading, up four of the past five days and reaching 96.60 for the week, as investors reacted to stronger-than-expected economic data. Meanwhile, the S&P 500 fell more than 2.6% on Friday, marking its worst one-day drop of the year and ending nine consecutive weeks of gains. The Nasdaq tumbled 4% as shares in chip and memory groups sank, with the major stock indexes showing their dependence on a small group of big tech companies. The selloff came after a hot jobs report rekindled the possibility of rate hikes, sending the two-year Treasury yield to its highest level in a year.

Technology & Tech Sector

A tech selloff has tested retail investor strength ahead of the anticipated SpaceX IPO, with years of Wall Street benefiting from a retail-trader army willing to buy almost anything. The carnage in chip stocks prompted a Nasdaq bloodbath, with Marvell Technology and Flex Ltd. still set to join the S&P 500 in the latest quarterly rebalance. Despite the market turmoil, Goldman's John Flood sees the pullback in US equities as an opportunity to add exposure rather than a reason to retreat,