The S&P 500 fell 2.6% and NASDAQ 100 dropped 4.8% after a hot May jobs report crushed rate-cut hopes. Bitcoin slid 4.3% to $60,850.

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

US markets opened mixed as tech-heavy Nasdaq and S&P 500 fell, dragged by weakness in chip stocks after a recent rally. Strong jobs data reinforced expectations of tighter Federal…