
Tech-led selloff leaves Wall Street searching for footing as rate-cut bets fade
Stocks closed the week lower after a strong May jobs report cooled near-term rate-cut hopes, with the Nasdaq-100 dropping about 4.7% on Friday in a risk-off mood. Nvidia and other AI/quantum names led declines, and Quantinuum’s IPO stumble spilled into the broader quantum-stock group as investors rotated out of high-growth tech.


