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Nasdaq drops 4%, the most in more than a year as chip stocks tumble: Live updates

The S&P 500 is on track to finish the week slightly higher, which would mark its 10th straight week of gains and its longest win streak since 1985.

Real time pushes:

Stocks slumped after stronger-than-expected jobs data raised expectations that the Fed will keep interest rates elevated.

Chip selloff erases over $1 trillion in stock market value, dragging Nasdaq down by its largest one-day percentage loss since last year

U.S. stocks fall sharply after a strong jobs report fuels bets on a possible Fed interest rate hike

The S&P 500 sinks 2.6% for the biggest drop since October as tech stocks slump and investors worry about higher interest rates.

The Nasdaq plunged 4%, while the S&P 500 snapped its weekly win streak as investors repriced Fed bets

Peter Phillips and fiancée Harriet Sperling seen preparing for royal wedding

Ned Jarrett, a NASCAR Hall of Famer and longtime broadcaster, has died at 93, his family says.