Semiconductor stocks slumped led by Nvidia and Broadcom, marking the markets' worst daily performance since October 2026. The decline was triggered by strong employment data, which shifted expectations toward a potential rate hike rather than a cut. Selling pressure intensified on Wall Street as volatility spiked ahead of the highly anticipated market debut of SpaceX.
Wall Street tech shares faced a sharp sell-off amid rising volatility as investors repositioned portfolios ahead of the highly anticipated SpaceX market debut.
Read the full storyMajor chipmakers saw a midday rout before a partial recovery, as capital rotated from high-growth tech into defensive consumer staples and materials.
Global markets recorded their worst daily performance since October 2026, as Micron and Broadcom led a significant sell-off across the tech sector.
U.S. equities fell sharply in late trading as robust labor data shifted market expectations toward potential interest rate hikes rather than anticipated cuts.