A slightly lower-than-expected August jobs report and its potential impact on U.S. monetary policy sent the S&P 500 into its worst week since April.
While the Nasdaq Composite fell 1%, the broad index lost 0.5% of its value. 30 points, or 0.1%, were added to the Dow Jones Industrial Average.
Megacap technology declined as investors kept selling risky assets as Wall Street’s concerns about growth intensified. Tesla dropped 2%, and Alphabet and Amazon both lost more than 1%.
After projecting in-line fiscal fourth-quarter sales, Broadcom saw a 9% decline in shares. Other semiconductors also experienced a decline, with Marvell Technology, Advanced Micro Devices, and Nvidia falling at least 2% apiece. 2% was taken out of the iShares Semiconductor ETF.
Source (CNBC)
