Wall Street Experiences Worst Week in 18 Months Amid Weak Jobs Report

Wall Street faced a severe downturn, with major indices experiencing significant declines following a weak jobs report. The S&P 500 fell 1.7%, while the Nasdaq composite and the Dow Jones Industrial Average dropped 2.6% and 1%, respectively. Tech companies like Broadcom and Nvidia led the market lower.

Wall Street faced another severe downturn, marking its worst week in the last 18 months. This came on the heels of a jobs report touted as the most critical of the year yet failed to meet expectations, maintaining high concerns about the economy. The S&P 500 declined by 1.7% on Friday.

Tech giants such as Broadcom and Nvidia were at the forefront of the market's downfall, pulling the Nasdaq composite down by 2.6% amid ongoing worries that prices surged excessively in the boom surrounding artificial intelligence. The Dow Jones Industrial Average also took a hit, dropping 1%.

Treasury yields experienced a rollercoaster ride, tumbling, recovering, and then falling again after the jobs report revealed that employers hired fewer workers than anticipated in August.

(With inputs from agencies.)