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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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.