Nasdaq down 4.18%, $2T wealth erased
Following the strong jobs report, the Nasdaq fell 4.18% and the S&P 500 dropped 2.64%, erasing roughly $2 trillion in total wealth in a single day.
Snapshot · Moonshots with Peter Diamandis
Emerging Situation: Anthropic's Global Pause, Recursive Self-Improvement Arrives, and AI Personhood Arrives | EP #263
Explore episode
Jun 8, 2026
Where this was said
Story 3: The Blowout Jobs Report That Crashed the Market
At 46:02 · chapter starts 44:50
172,000 jobs added in May vs 85,000 expected, yet Nasdaq fell 4.18% and $2T was erased. Peter explains the three factors: rate-hike fears, Broadcom AI chip guidance miss, and IPO liquidity demands. [1] — Peter Diamandis "Good economic news is bad for stocks when it kills hopes for a Fed rate cut. Add a Broadcom AI chip guidance miss and massive IPO liquidity…" 44:50
Why a Blowout Jobs Report Crashed the Stock Market
Good economic news is bad for stocks when it kills hopes for a Fed rate cut. Add a Broadcom AI chip guidance miss and massive IPO liquidity demands from SpaceX and Anthropic — and you get one of the worst market days since April 2025. Three factors collided in one session.
US jobs: 172K added vs 85K expected in May
The US economy added 172,000 jobs in May 2026, more than double the expected 85,000, yet stocks fell sharply on fears the Fed would raise interest rates.
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