Friday night Singapore time, Wall Street had its worst day since October. The Nasdaq cratered 4.2%. Over a trillion dollars in market cap vaporised in a single session. And the trigger? A company beat its earnings. And the US economy added more jobs than anyone expected. Welcome to 2026, where good news sends markets into a tailspin.
If you woke up this morning, opened your brokerage app, and felt your stomach drop — you're not alone. If you're in any tech or AI-adjacent stocks (and frankly, who in Singapore's US Growth Portfolio isn't), the weekend just got a little heavier.
Let's break down exactly what happened, why it happened, and most importantly — what you should actually do about it.
-4.2%Nasdaq Composite Friday close
-2.6%S&P 500 drop — worst day since Oct
-13%Broadcom (AVGO) single-day crash
172KUS jobs added in May — double expectations
Two Hammers Hit at Once
Friday's selloff wasn't caused by one thing. It was two separate...