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.
COMPANIES
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