U.S. Stocks Close Lower, Nasdaq Drops Over 4%, Most Semiconductor Stocks Decline

BlockBeats News, June 6th. The U.S. stock market closed on Friday with the Dow posting a preliminary decline of 1.35%, the S&P 500 down 2.65% (ending a 9-week winning streak for the S&P 500 index), and the Nasdaq falling 4.18%. Notably, the S&P 500 index saw its largest single-day drop since October 2025, and the Nasdaq experienced its biggest daily decline since April 2025.

The majority of the semiconductor sector saw declines, with the Philadelphia Semiconductor Index plummeting by 10% at the close, marking the largest daily drop since April 2025. Nvidia (NVDA.O) fell by over 6%, Taiwan Semiconductor (TSM.N) dropped by 6.68%, Broadcom (AVGO.O) fell by nearly 8%, and Intel (INTC.O) plunged by over 11%.