Tech equities slide as U.S. sector logs longest job-loss streak

On June 5, fresh BLS data revealed a 43,000-job decline in U.S. tech payrolls over the past year—the longest streak in history—intensifying selling in tech names and ETFs. XLK.US fell 3.56% to 186.30, with NVDA and INTC each dropping more than 3%. The report follows May’s Challenger data showing 97,006 total layoffs, 123,653 of them in technology year-to-date, confirming sustained pressure on the US Tech 100 amid broader moderation in overall job cuts.