Major indexes end sharply lower, tech stocks suffer biggest decline this year, as labour reports fuel rate hike fears
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Major indexes end sharply lower, tech stocks suffer biggest decline this year, as labour reports fuel rate hike fears
PUBLISHED JUNE 5, 2026
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Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since April, 2025 after a hot May jobs report fuelled fears of a hawkish policy pivot from the U.S. Federal Reserve.
Selling was concentrated among chip stocks and other technology f…
Read full article at The Globe and Mail ↗
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