NASDAQ Composite drops 4% as Wall Street reacts to strong jobs report and rising rates

The NASDAQ Composite fell 4% as Wall Street reacted to a strong jobs report and rising interest rates. Increased employment numbers suggest that high rates may persist, causing volatility and impacting growth-dependent sectors, including tech stocks and crypto. This shift in market expectations is prompting investors to consider moving from equities toward fixed income investments, highlighting significant vulnerabilities in sectors that rely heavily on low rates for growth and valuation stability.