Finance

The tech-heavy Nasdaq underperformed the broader market, ending slightly lower as a sharp decline in semiconductor stocks weighed on the index. Industry heavyweight Broadcom saw its shares tumble approximately 13% after its artificial intelligence chip outlook failed to meet the market's high expectations, sparking a broader retreat across the sector.

Energy prices fell sharply as crude oil dipped nearly 3%, dropping below $90 per barrel following reports of a potential ceasefire in the Middle East. This decline in energy costs helped lower the yield on 10-year Treasury notes to approximately 4.47%, providing a reprieve for equities outside the technology sector.

Digital assets experienced a broad downturn on June 4, with Bitcoin falling toward the $60,000 mark and reaching a four-month low. The market was pressured by 13 consecutive days of spot Bitcoin ETF outflows, totaling over $3 billion from the leading trust, as investors increasingly treated crypto as a risk asset during geopolitical uncertainty.