Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise | CNN Business

• The Nasdaq fell more than 4% in its worst day since April 2025 as AI and semiconductor stocks tumbled sharply.
• Strong jobs data raised concerns that the Federal Reserve may prioritize fighting inflation over rate cuts this year.
• Bitcoin tumbled more than 5% to below $60,000 while gold dropped more than 3.5% as investors fled risk assets.

AI-generated summary was reviewed by a CNN editor.