US stocks today : Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide ; jobs data fuels rate hike fears

Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The Nasdaq plunged over 4%, ending a nine-week rally, while persistent Middle East tensions and rising yields further pressured investor sentiment.