{"id":49646,"date":"2026-06-06T11:35:11","date_gmt":"2026-06-06T11:35:11","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/06\/qqq-voo-spy-etfs-are-falling-heres-why-the-stock-market-is-crashing\/"},"modified":"2026-06-06T11:35:11","modified_gmt":"2026-06-06T11:35:11","slug":"qqq-voo-spy-etfs-are-falling-heres-why-the-stock-market-is-crashing","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/06\/qqq-voo-spy-etfs-are-falling-heres-why-the-stock-market-is-crashing\/","title":{"rendered":"QQQ, VOO, SPY ETFs are falling: Here\u2019s why the stock market is crashing"},"content":{"rendered":"
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Top US stock indices like the Nasdaq 100, S&P 500, and the Dow Jones are falling today, continuing a sell-off that started on Thursday. QQQ, which tracks the Nasdaq 100 Index, retreated to $708, down by 5.4% from its highest point this year. <\/p>\n

Similarly, the VOO and SPY ETFs have dropped by nearly 3% from its highest point this year. The Dow Jones Index also retreated by 1.35% from the year-to-date high. This article explores some of the top reasons why the stock market is crashing today.<\/p>\n

Stock market is crashing after the Broadcom earnings<\/h2>\n

One of the top reasons behind the ongoing stock market is crashing today is this week\u2019s Broadcom earnings<\/a>. These earnings have helped to push the stock to $388, down by 22% from its highest point this year. <\/p>\n

This crash led to a drop in other AI stocks like AMD, Intel, Marvell, and Nvidia, which have soared substantially in the past few months. DRAM, the popular memory-based ETF that launched in April, dropped to $55.9, down by over 20% from its all-time high.<\/p>\n

Broadcom\u2019s earnings were not necessarily bad. In fact, the results showed that its revenue jumped by 48% from the same period last year, while its AI revenue jumped by 143% from the same period last year, driven by its accelerators and AI networking. <\/p>\n

Its guidance was good, but lower than expected. It now expects that its third-quarter revenue will be $29.4 billion, lower than the expected $30 billion. <\/p>\n

The stock also dropped because the expectations among investors were high, which pushed its stock to a record high before the earnings release. It is common for soaring stocks to retreat after their earnings. <\/p>\n

Profit taking after they got to extremely overbought levels<\/h2>\n

The VOO, SPY, and QQQ ETFs are crashing because of profit-taking after the recent rally moved them to overbought levels. Before this crash, the QQQ stock moved to the extreme overbought level of 83. It had jumped by over 20% this year. <\/p>\n

Similarly, the S&P 500 Index was up by over 20% from the year-to-date low, while the RSI moved to the extreme overbought level of 78. It is common for highly overbought assets to pull back as investors start to book profits.<\/p>\n

US and Iran quagmire continues<\/h2>\n

The stock market crash is happening as the US and Iran quagmire<\/a> continues. Despite Trump\u2019s assurances of a deal being imminent, the two sides have failed to reach an agreement. <\/p>\n

In a statement this week, Hezbollah noted that it would not respect the Iran-Israel ceasefire. Iran has insisted that any ceasefire will include Hezbollah, its regional ally.\u00a0<\/p>\n

It is unclear whether the two sides will reach an agreement anytime soon. This risks a new phase of the war or a prolonged phase of the Strait of Hormuz closure. Analysts believe that such a move will lead to higher crude oil prices, which will lead to more inflation. Besides, data shows that US inventories have plunged to a two-decade low.<\/p>\n

US jobs numbers boosted case for high interest rates<\/h2>\n

The stock market is crashing after the US published strong jobs numbers<\/a>. A report showed that the economy added 172k jobs, higher than the expected 85k. The unemployment rate remained unchanged at 4.3%.<\/p>\n

These jobs, coming at a time when inflation is steady, mean that the Fed has a reason to hike interest rates this year. This explains why US bond yields continued rising this week. US stocks tends to underperform the market when the Fed is hiking rates.<\/p>\n

The post QQQ, VOO, SPY ETFs are falling: Here\u2019s why the stock market is crashing<\/a> appeared first on Invezz<\/a><\/p>\n

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Top US stock indices like the Nasdaq 100, S&P 500, and the Dow Jones are falling today, continuing a sell-off that started on Thursday. QQQ, which tracks the Nasdaq 100 Index, retreated to $708, down by 5.4% from its highest point this year.  Similarly, the VOO and SPY ETFs have dropped by nearly 3% from <\/p>\n","protected":false},"author":1,"featured_media":49647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49646","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49646"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49647"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}