Wall Street Review: Techs Sell Off Amid Profit-Taking, Rising Bond Yields

Date:

Traders work on the floor of the New York Stock Exchange on June 4, 2026. Michael M. Santiago/Getty ImagesWall Street’s weekslong stock rally came to an abrupt halt this week amid a tech sell-off driven by profit-taking and rising bond yields, following another robust jobs report.For the week, the Dow Jones Industrial Average edged down by 0.32 percent to close at 50,866. The S&P 500 fell by 2.59 percent to 7,383. The Nasdaq Composite sank by 4.68 percent, while the Russell 2000 dropped by 2.94 percent.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Judge Blocks NYC Law Requiring Uber, Lyft to Give Drivers Deactivation Notice

Both Uber and Lyft ride-sharing firms were the victors...

Icahn Enterprises Agrees to Sell Pep Boys to Mavis in $700 Million Deal

A Pep Boys sign is seen on the outside...

Canadian and US Fish Found With Rare Contagious Skin Cancer

Scientists have discovered a rare form of skin cancer...

Sens. Scott, Blackburn Introduce Bill for Memorial to Victims of Communist Chinas Tyranny

Sens. Rick Scott (R-Fla.) and Marsha Blackburn (R-Tenn.) introduced...