Market Report - US Close

US close: Tech rout drags Wall Street lower, Nasdaq suffers steepest drop in a year

By Iain Gilbert

Date: Friday 05 Jun 2026

(Sharecast News) - Major indices closed lower on Friday as investors digested May's jobs report, with the Nasdaq logging its biggest single-day decline since Donald Trump's "reciprocal tariff" announcements in April 2025.


At the close, the Dow Jones Industrial Average was down 1.35% at 50,866.78, while the S&P...

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