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business/news//The Atlanta Journal-Constitution
Stocks fell on Wall Street Friday as big technology companies lost ground.
Major technology stocks led Wall Street declines, significantly dragging down the broader market indices.
KEY POINTS
A strong U.S. jobs report reduced investor expectations for Federal Reserve interest rate cuts in 2024.
Bond yields surged, with the 10-year Treasury jumping to 4.47% from 4.54% after the jobs data.
Companies like Nvidia and Broadcom declined over 3%, countering modest gains elsewhere in the S&P 500.
Stocks fell on Wall Street Friday as big technology companies lost ground and weighed down the broader market.
Meanwhile, bond yields surged as a strong jobs report continued to dim expectations that the Federal Reserve will cut its benchmark interest rate this year.
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