S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record: What investors need to know about Friday’s selloff

Major stock-market indexes faced a significant selloff on Friday, with the Nasdaq Composite experiencing its biggest one-day point drop on record, falling over 1,121 points. Simultaneously, the S&P 500 saw a $1.8 trillion wipeout. This market volatility underscores the vulnerability of risk assets to interest rate expectations, which complicates the Fed's policy decisions despite strong job data, interrupting a two-month period of growth for these major indexes.