With another spike in treasury yields weighing on technology stocks, the tech-heavy Nasdaq has moved sharply lower in morning trading on Thursday. The S&P 500 has also moved to the downside, while the narrower Dow has edged higher.
The Nasdaq is currently off its worst levels but still down 196.74 points or 1.5 percent at 13,328.46. The S&P 500 is also down 20.36 points or 0.5 percent at 3,953.76 after ending the previous session at a record closing high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.