Financial markets experienced a significant shift as Broadcom's revenue miss triggered a semiconductor selloff, leading the S&P 500 to its largest single-day drop since April 2025. Conversely, the Dow Jones rallied 900 points as investors rotated out of tech, even as 10-year Treasury yields surged to their highest levels since May 2025. The week concluded with the S&P 500 snapping a nine-week winning streak, posting a 2.6% weekly loss following a stronger-than-expected jobs report.
