Episode 2026-06-06

You're listening to 7 Horns AI — your AI-powered market update. Hello and welcome to our weekend market review, coming to you on Saturday, June sixth, twenty twenty-six. Let's dive into the past week. Friday saw a sharp selloff across Wall Street, marking its worst day since October. All three major indexes tumbled after a much stronger-than-expected May jobs report reignited fears that the Federal Reserve will raise interest rates, dashing hopes for near-term easing. The S&P five hundred declined two point six four percent, snapping a nine-week winning streak, while the Nasdaq Composite plunged four point one eight percent, its steepest single-session drop since April twenty twenty-five, erasing two weeks of gains. The Dow Jones Industrials fared relatively better, down one point three five percent, giving back a chunk of Thursday's rally when it touched a record high. The catalyst was clear: a blowout jobs number, showing one hundred seventy-two thousand new jobs with unemployment steady at four point three percent, sent bond yields spiking, with the ten-year Treasury yield moving above four point five percent. This pressured growth stocks, especially semiconductors. The Philadelphia Semiconductor Index plummeted ten point three percent, its worst day since early twenty twenty-five, wiping out over one trillion dollars in market value. Broadcom was at the epicenter, falling seven point nine two percent on Friday after its fiscal second quarter earnings, extending a two-d