Tech Selloff and Market Fear
Key Questions
What caused the Nasdaq's worst session since April 2025?
Broad tech weakness driven by hot CPI data, US-Iran strikes, and strong jobs data led to the sharp decline. Semiconductors were hit particularly hard, with SMCI falling 28%.
How much did the Dow Jones fall on June 10?
The Dow fell 900 points amid the risk-off sentiment and market volatility. This contributed to the S&P 500 hitting a new lower low.
What was the reading on the Fear & Greed Index during the selloff?
The Fear & Greed Index reached 'Fear' levels, reflecting heightened investor caution. This aligned with the broad market weakness and defensive sector spikes.
What notable IPO filings or debuts occurred amid the market turmoil?
OpenAI filed for an IPO while Einride made a strong Nasdaq debut. These events stood out against the broader tech selloff.
Did the market show any recovery signs after the initial drop?
A V-reversal occurred with defensives spiking while tech remained weak. The S&P 500 challenged its prior record high during the session.
Nasdaq recorded its worst session since April 2025, with the Fear & Greed Index at 'Fear'. Dow fell 900 points on June 10. Broad tech weakness driven by hot CPI, US-Iran strikes, and strong jobs data. Semiconductors hit hard (SMCI -28%, Broadcom, Microchip). OpenAI filed for IPO, Einride debuted strong. S&P 500 hit a new lower low, challenging prior record high. V-reversal saw defensives spike.