{"id":421,"date":"2026-06-05T20:43:12","date_gmt":"2026-06-05T20:43:12","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=421"},"modified":"2026-06-05T20:43:12","modified_gmt":"2026-06-05T20:43:12","slug":"nasdaq-plummets-4-as-tech-selloff-triggers-market-drop","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=421","title":{"rendered":"Nasdaq Plummets 4% As Tech Selloff Triggers Market Drop"},"content":{"rendered":"<div>\n<h2>Surprising Fact<\/h2>\n<p>A 10-week streak for the S&amp;P 500 would have marked its longest winning streak since 1985. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=419\">Northern Lights Forecast: The Aurora Borealis May Be Visible In 10 States Friday Night<\/a><\/p>\n<h2>Tangent<\/h2>\n<p><u>Bitcoin fell below $60,000 <\/u>for the first time since late 2024. The drop came after billionaire Michael Saylor\u2019s crypto holding firm announced it would sell 32 bitcoins to raise about $2.5 million in its first sale since December 2022. Gold and silver prices also fell to their <u>lowest prices<\/u> in months after a strong jobs report was published Friday. Investments in the metals are typically driven by periods of economic uncertainty.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=417\">AI Investment Will Hit 2% Of U.S. GDP This Year, Analyst Says\u2014Nearing Defense Spending Levels<\/a><\/p>\n<h2>Key Background<\/h2>\n<p>Friday\u2019s selloff curbed an otherwise strong month for all major indexes. The S&amp;P 500 traded upward in the previous nine weeks, its longest winning streak since 2023. The Nasdaq is still up 1.5% month-over-month, improving amid the artificial intelligence boom and increased infrastructure spending among tech\u2019s biggest players, which are on pace to spend <u>$750 billion on AI<\/u> this year. Both the S&amp;P 500 and the Nasdaq have jumped at least 7.8% since the start of the year. Nationwide chief market strategist Mark Hackett told <u>CNBC<\/u>, \u201cInvestors had been kind of hovering with their finger over this sell button,\u201d but noted it was \u201cnot necessarily to get out.\u201d <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=415\">Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally<\/a><\/p>\n<h2>Further Reading<\/h2>\n<p><u>Bitcoin Falls Below $60,000\u2014Erasing Trump-Fueled Rally<\/u> (Forbes)<\/p>\n<div><\/div>\n<p><u>Gold And Silver Hit Lowest Prices In Months After Strong Jobs Report<\/u> (Forbes)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq lost nearly a month&#8217;s worth of gains Friday.<\/p>\n","protected":false},"author":1,"featured_media":420,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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