"Tech Sell-Off and Mixed Jobs Data Drive US Stocks Lower"

1 min read
Source: Yahoo Finance
"Tech Sell-Off and Mixed Jobs Data Drive US Stocks Lower"
Photo: Yahoo Finance
TL;DR

US stocks tumbled on Friday, driven by a tech sell-off and mixed jobs data. The Nasdaq fell over 1% after hitting a record high, with Nvidia leading the decline. The jobs report showed strong job growth but also signs of a cooling economy, potentially signaling rate cuts. All eyes are on the upcoming consumer price index report for further insights. In commodities, oil prices fell, gold rose, and Bitcoin saw an increase.

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