---
title: "Tech stocks tumble as Fed hike bets intensify"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289087739.md"
description: "Tech stocks and global markets tumbled as a strong U.S. jobs report intensified expectations of Federal Reserve rate hikes, ending the S&P 500's nine-week winning streak. The Nasdaq dropped over 4%, while South Korea's KOSPI plunged more than 8%, triggering circuit breakers. Investors now face a pivotal week with key inflation data, corporate earnings, and the SpaceX IPO likely to influence market direction."
datetime: "2026-06-08T17:43:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289087739.md)
  - [en](https://longbridge.com/en/news/289087739.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289087739.md)
---

# Tech stocks tumble as Fed hike bets intensify

What sparked the rout?: A stronger-than-expected U.S. jobs report raised the likelihood of Fed rate hikes, pressuring growth stocks and ending the S&P 500's nine-week winning streak. How bad was it?: The Nasdaq fell over 4% Friday, while South Korea's KOSPI plunged more than 8% Monday, triggering circuit breakers and signaling global contagion. What's next?: Investors face a pivotal week with the SpaceX IPO, key inflation data, and corporate earnings likely to influence market direction.

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