US Stocks Dip Amid Tech Sell-Off and Mixed Jobs Data

The Nasdaq leads losses as Nvidia's drop and mixed February jobs report contribute to market uncertainty.

US stocks experienced a downturn on Friday, with the Nasdaq falling over 1% due to a significant sell-off in tech, particularly Nvidia.
The February jobs report revealed a mixed picture: 275,000 new jobs were added, surpassing estimates, but unemployment rose to 3.9%, indicating a potential economic slowdown.
Investors are now focusing on the upcoming consumer price index report, with inflation in January reported at 3.1%, fueling concerns over future interest rate decisions.
Despite recent losses, the S&P 500 and Nasdaq have shown significant gains for the year, highlighting the stock market's resilience.
Market analysts suggest that the Federal Reserve is close to cutting interest rates, based on recent economic data, potentially easing financial system pressures.