On June 5, 2026, the U.S. stock market faced a significant downturn, with the Nasdaq Composite experiencing its largest one-day point drop in history, falling over 1,121 points, or 4.2%. This marked the first major setback following a two-month rally in major stock indexes. The S&P 500 also saw a 2.6% decline, representing its most significant drop since October 10, 2025. Analysts are assessing the implications of this selloff for investors.

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Market Extra

S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record: What investors need to know about Friday’s selloff

The highflying semiconductor trade finally ran into trouble late this week

Last Updated: June 7, 2026 at 10:02 a.m. ET

First Published: June 5, 2026 at 6:27 p.m. ET

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(6 min)

A bear figurine superimposed on a stock chart with red numbers indicating a market downturn. Stocks had a rough day — and a rough week. Photo: Getty Images/iStockphoto

A remarkable two-month sprint higher for the major U.S. stock-market indexes encountered its first major hiccup on Friday, as the Nasdaq Composite plummeted more than 1,121 points — its biggest one-day point drop on record, according to Dow Jones Market Data.

That translated to a 4.2% decline for the Nasdaq COMP, the biggest in percentage-point terms since April 10, 2025, data showed. A 2.6% drop for the S&P 500 SPX on Friday was its worst since Oct. 10.

About the Author

Joseph Adinolfi

Joseph Adinolfi is a markets reporter at MarketWatch.

Gordon Gottsegen

Gordon Gottsegen covers retail investing for MarketWatch.

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