Nasdaq falls the most in nearly 8 months as chips tumble; S&P 500's 9-week winning streak set to end: Live updates - CNBC
SkimNews Take
The market's sensitivity to a strong jobs report and rising Treasury yields suggests that the broader economic outlook, rather than just AI enthusiasm, is now a primary driver of investor sentiment.
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- Nasdaq fell the most in nearly 8 months as chip stocks tumbled.
- S&P 500's 9‑week winning streak is set to end.
- Treasury Yields jumped after a strong jobs report.
- Dow opened flat.
Why it matters: Tech investors lose as chip stocks tumble and the Nasdaq drops, while bond investors benefit from the Treasury yield surge; the S&P 500's 9‑week rally ending hurts broader market participants.
