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Stocks slip on Wall Street big tech falls
Stocks on Wall Street declined as big tech stocks like Nvidia and Broadcom dragged down major indices. A stronger-than-expected jobs report fueled concerns about delayed Federal Reserve rate cuts, while elevated oil prices due to the Iran war added economic uncertainty.
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Adjacent reporting
- Base Metals Dip on Middle East Uncertainty, Tech Stock Pullback
- Asian shares drop, with South Korea’s Kospi down more than 5%
- China's 'Seven Titans' tech stocks slump as deflation overpowers AI boom
- Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
- Meta Shares Fall as Investors Weigh Tech Prospects
- Stock markets worldwide drop from records as worries about oil prices rattle the bond market