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Nasdaq down 3%: Did a strong job data trigger a crash in US stock markets today?

Posted on June 5, 2026
By Financial Express
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1 min read

Nasdaq down 3%: Did a strong job data trigger a crash in US stock markets today?

Nasdaq plunged over 3% after stronger-than-expected US jobs data boosted Treasury yields and revived fears of Federal Reserve rate hikes, triggering a broad market sell-off.