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US Stocks Plunge 4% as Trump Blames Democrats

6/6/2026

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Summary

Story summary

U.S. stocks fell sharply on Friday, with the S&P 500 down 2.6% and the Nasdaq down 4.2%.
President Donald Trump blamed the Democratic Party for the market plunge despite May adding 172,000 jobs and keeping unemployment at 4.3%.
Trump posted on Truth Social that the job gains should lift stocks.
The selloff was led by semiconductor and artificial-intelligence companies while consumer sentiment fell for a third month amid inflation worries.

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Story summary

U.S. stocks fell sharply on Friday, with the S&P 500 down 2.6% and the Nasdaq down 4.2%.
President Donald Trump blamed the Democratic Party for the market plunge despite May adding 172,000 jobs and keeping unemployment at 4.3%.
Trump posted on Truth Social that the job gains should lift stocks.
The selloff was led by semiconductor and artificial-intelligence companies while consumer sentiment fell for a third month amid inflation worries.