DOW SLIPS AS STRONG US JOBS DATA SPARKS CHIP SELLOFF, HITS NASDAQ
What changed
DOW SLIPS AS STRONG US JOBS DATA SPARKS CHIP SELLOFF, HITS NASDAQ
Strong jobs data fueled rate hike fears, triggering selloff in chip stocks and dragging down Nasdaq.
Why it matters
Strong US jobs data triggered chip selloff, pressuring Dow and Nasdaq.