US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a year
- Posted on June 6, 2026
- By Business News Today
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- 1 min read
US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a year
Wall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about sustained high interest rates from the Federal Reserve. The strong employment figures intensified inflation worries, making rate cuts less likely and potentially increasing the chance of a future hike.
