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.
New York —
Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks.
The S&P 500 fell 2.64%, its worst day since October. The index fell into the…
