Wall Street's nine-week winning streak ended as tech and chip stocks plunged after strong US jobs data reduced hopes for near-term Fed rate cuts.
Wall Street ended sharply lower on Friday, snapping a nine-week winning streak as technology and semiconductor stocks suffered heavy losses following a stronger-than-expected US jobs report.
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Nall Street’s nine-week
winning streak ended with a thud on Friday, as red-hot
technology stocks suffered their largest daily decline since
Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
Wall Street ends sharply lower as chip slide, job data fuel rate hike fears
US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears
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All three major US stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its…
S&P 500 snaps 9-week streak of Friday-to-Friday gains
Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and…
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious…
"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."
Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market
