[everdrive]

I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?

[cascades42]

The story being reported is that the unexpectedly strong US jobs report will push the Fed towards a rate hike, which often is correlated with a drop in stock prices.

https://www.nbcnews.com/business/markets/tech-stocks-sink-rc...

[droidjj]

The general consensus is stocks nosedived after the strong jobs report, because strong labor market means its more likely Fed will hike interest rates to curb inflation.

[enraged_camel]

Jobs numbers came way stronger than expected, and previous two months also got revised up.

Strong job numbers + increasing inflation = overheated economy = goodbye interest rate cuts. In fact, there's a significant chance that rates will go up this year. Perhaps even more than once.

That means cost of borrowing will increase, which is bad for business growth.

[steveBK123]

Quite the opposite.

It dropped because tech dropped and it still has a lot of tech.

This is why QQQ was down far more than SPY, as QQQ is more tech heavy and will be adding these companies.

[oceansky]

Impossible to know for sure. But I would speculate a lot of investors are "bullish" on these three companies and would rather invest more on them.

[throwawaycan]

No. All index dropped on Friday.