S&P 500, Dow and Nasdaq down today : Wall Street is heading to end the week in the red as investors reacted to a surprisingly strong US jobs report and continued selling pressure in technology stocks, particularly semiconductor companies.
The market's recent optimism was tested on Friday after fresh labor market data showed the US economy remains stronger than many economists expected. While strong employment is generally viewed as positive for the economy, investors worried it could give the Federal Reserve less reason to lower interest rates and may even increase the chances of another rate hike later this year.
