US equities sold off sharply Friday June 5: the S&P 500 fell 2.64% to 7,383.74, the Nasdaq Composite dropped 4.18% to 25,709.43 (its worst day since April 2025), and the Dow lost 1.35% (-695 points) to 50,866.78. A spike in Treasury yields after the stronger-than-expected May jobs report combined with a semiconductor rout to drive the broad de-risking.