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The U.S. stock market had its worst day since October as a sell-off in big technology companies weighed down the broader market.
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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
