This week, US stock markets experienced a notable downturn as the S&P 500 ended its nine-week rally, declining by 2.6%. The Nasdaq Composite index suffered its largest drop since April 2025, falling 4.5%, primarily due to a sharp selloff in technology stocks. Semiconductor companies were particularly affected. The market reaction followed the release of a strong US jobs report, which heightened investor concerns about the possibility of prolonged higher interest rates. These developments contributed to broad-based selling pressure across major US indices, reflecting cautious sentiment among investors regarding future economic conditions and monetary policy. Wall Street's nine-week rally ended as technology stocks plummeted, with the Nasdaq suffering its largest drop since April 2025.