Broadcom, Palo Alto, CrowdStrike tumble after jobs data
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- S&P 500 fell 2.6% on Friday as the market sold off after a strong jobs report.
- Nasdaq dropped 4.2% on Friday, erasing its record‑high close earlier in the week.
- Broadcom fell 12.6% after earnings, with a weekly loss of 13.7% following a revenue miss and guidance shortfall.
- Palo Alto Networks slipped 5.6% after an earnings beat but unchanged long‑term outlook, marking a weekly decline of 3.4%.
- CrowdStrike shed more than 10% on Thursday and closed the week down over 8% despite a better‑than‑expected earnings beat.
Why it matters: Investors in health‑care and financial stocks like Eli Lilly and Wells Fargo gained, while tech‑heavy holdings suffered losses as the sell‑off erased the week’s gains for the quarter.
