Wall Street sharply crashed on Friday, with the tech-heavy Nasdaq tumbling more than 4% to record its biggest single-day fall since April 2025, after a better-than-expected US jobs report raised worries about the Federal Reserve’s higher interest rates.
The Nasdaq Composite index sank around 4.2%, weighed down by a more than 6% crash in Nvidia's share price and a nearly 8% drop in Broadcom shares, whose relatively weak guidance on Wednesday spurred fears that AI demand may not grow as quickly as estimated. The Dow Jones Industrial Average fell 1.4%, while the S&P 500 dropped nearly 3%
