Episode 2026-06-08

You're listening to 7 Horns AI — your AI-powered market update. Hello and welcome to your weekend market review for Sunday, June seventh, twenty twenty-six. This past week concluded with a significant jolt to the markets, as Friday saw equities experience their sharpest selloff in over a year. The tech-heavy Nasdaq Composite bore the brunt, plummeting four point one eight percent, marking its worst single-day decline since April twenty twenty-five. The broader S&P five hundred also moved notably lower, shedding two point six four percent, snapping a nine-week winning streak. The Dow Jones Industrial Average declined one point three five percent. Friday’s selling was a grind, accelerating throughout the day. It began with markets opening under pressure following a hotter-than-expected May jobs report, showing one hundred seventy-two thousand jobs added against expectations of around ninety thousand. This fueled fears of further Federal Reserve rate hikes, with the ten-year Treasury yield surging to four point five four percent. This environment made high-growth, high-valuation stocks, particularly in the AI and semiconductor sectors, less attractive. Among the megacaps, Tesla and Nvidia led declines, both falling over six percent, while Meta was down over five and a half percent. Beyond the giants, several semiconductor and AI-adjacent names saw even steeper drops; Marvell Technology slid over sixteen percent, Micron fell over thirteen percent, and AMD was down nearly eleve