Business News Update — June 06, 2026 6 PM Eastern

Clockwise Business News — Major tech companies experienced a significant downturn today, leading to broader market losses. This follows a recent surge driven by AI investments and signals investor reassessment. This is Clockwise business news, 6 PM Eastern. The Nasdaq Composite plunged over four percent, with the S&P 500 down more than two percent. Analysts attribute this tech sell-off to concerns that eye-watering sums poured into AI might have been overdone.