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.

Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market

US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal…

S&P 500, Dow and Nasdaq down today: Wall Street faces a downturn as the S&P 500, Dow, and Nasdaq fall in response to a robust jobs report raising concerns about interest rate…

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…

Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a…

Fears of an interest rate increase has unsettled investors

S&P 500 snaps 9-week streak of Friday-to-Friday gains

All three major US stock indexes closed sharply lower, with plunging chip stocks dragging the tech-laden Nasdaq down by its largest one-day percentage loss since last year.

Information technology stocks on the S&P 500 slid 5.8 per cent

By Joseph Adinolfi and Gordon Gottsegen

"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."

Nvidia fell 6.2%, Broadcom dropped 7.9% and Micron Technology slid 13.3% for the biggest loss among stocks in the S&P 500.

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.

US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and…

Wall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about sustained high interest rates from the…

The S&P 500 fell 2.64 percent, while the tech-heavy Nasdaq Composite fell 4.18 percent, as AI-related stocks pulled back, after surging in recent weeks

Wall Street experienced its worst single-day decline in over a year on Friday, as investors fled technology stocks, bonds, and gold. A robust May jobs report fueled concerns about…

Wall Street tumbled as 172,000 May jobs crushed forecasts, pushing rate hike odds to 98%. Nasdaq fell 4.18%, chip stocks lost over $1T, Bitcoin dropped 4%.

The Nasdaq 100 fell 5% on June 5 after a blowout jobs report sent Treasury yields surging, hammering semiconductor and AI stocks in the worst daily loss of

By Joseph Adinolfi and Gordon Gottsegen