--- title: "Why Is the Stock Market Down Today, 6/4/26?" type: "News" locale: "en" url: "https://longbridge.com/en/news/288739876.md" description: "The S&P 500 and Nasdaq 100 declined on June 4, 2026, driven by a semiconductor selloff after Broadcom reported lower-than-expected Q1 revenue. Tech stocks like AMD and Qualcomm fell. Additionally, initial jobless claims rose to a four-month high of 225,000. In political news, the House approved an Iran war powers resolution, though it faces a likely presidential veto." datetime: "2026-06-04T14:29:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288739876.md) - [en](https://longbridge.com/en/news/288739876.md) - [zh-HK](https://longbridge.com/zh-HK/news/288739876.md) --- # Why Is the Stock Market Down Today, 6/4/26? Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are in negative territory on Thursday, although the latter is facing a much bigger decline as tech stocks pull back. ### Claim 55% Off TipRanks - Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. - Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Broadcom (AVGO) sparked a selloff in the semiconductor space after reporting first-quarter revenue of $22.19 billion, below the estimate of $22.27 billion. The company also maintained its full-year AI chip revenue guidance of $100 billion, disappointing some investors. The results sent AMD (AMD), Lam Research (LRCX), Qualcomm (QCOM), and Applied Materials (AMAT) lower. ## **Jobless Claims Jump to Four-Month High** Elsewhere, initial jobless claims for the week ended May 30 climbed 13,000 to 225,000, above the consensus estimate of 215,000 and marking the highest level since February 7. The uptick could be attributed to the end of the school year as layoffs in the education sector typically rise heading into the summer months. Finally, the House voted to approve the Iran war powers resolution, signaling growing support to end the U.S.-Iran war. The legislation requires congressional approval for U.S. armed forces in Iran, although the vote is largely symbolic due to President Trump's veto power. ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [QCML.US](https://longbridge.com/en/quote/QCML.US.md) - [QCMU.US](https://longbridge.com/en/quote/QCMU.US.md) - [AVL.US](https://longbridge.com/en/quote/AVL.US.md) - [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md) - [AVS.US](https://longbridge.com/en/quote/AVS.US.md) - [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [QCMD.US](https://longbridge.com/en/quote/QCMD.US.md) - [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md) - [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) ## Related News & Research - [AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom | AMD Stock News](https://longbridge.com/en/news/289024339.md) - [Is The AI Bubble About To Burst? Top Experts Deliver Major Warning](https://longbridge.com/en/news/288945445.md) - [Broadcom's Selloff Didn't Break The AI Trade, Says Dan Niles: 'Semiconductor Bulls Should Be Thrilled'](https://longbridge.com/en/news/288819370.md) - [Qualcomm forecasts signal potential stock surge by 2027](https://longbridge.com/en/news/288948612.md) - [Investors Are Punishing Broadcom Stock After Earnings. They’re Missing a 200% Spike in Semiconductor Revenue Ahead.](https://longbridge.com/en/news/289073503.md)