Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks.
The S&P 500 also fell into the red and snapped a nine-week winning streak after strong jobs data shifted Fed expectations.
Broadcom's weak chip revenue guidance sparked a broader sell-off in semiconductor stocks after their recent rally.
Investors sold bonds, bitcoin and gold as traders now see a 43% chance the Fed hikes rates in December.
AI-generated summary was reviewed by a CNN editor.
New York —
Market sell-off accelerates as traders raise odds for Fed rate hikes | CNN Business
Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
Nasdaq 100 Sinks 4% in AI-Led Rout as Yields Climb: Markets Wrap
Big fall in US tech shares as AI stock are hit
Stocks sink as interest rate hike worries rattle tech amid nonstop AI spending
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out | Fortune
North American Morning Briefing: Nasdaq Futures Drop as AI Rally Halts Ahead of Jobs Report
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise…
Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise…
(Bloomberg) -- Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a…
(Bloomberg) -- Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields as a…
Fears of an interest rate increase has unsettled investors
A strong jobs report raised the likelihood that the Federal Reserve would raise interest rates this year.
