The S&P 500 dropped 2.64% after May payrolls crushed expectations at 172,000 jobs, ending a nine-week rally and dragging Bitcoin and crypto markets lower.

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

(Bloomberg) -- The S&P 500 is set to break a historic weekly run of gains as the artificial-intelligence trade takes another leg lower, with investors also expecting payrolls data…