Why a Blockbuster Jobs Report Just Triggered a Tech Bloodbath

The Friday session closed Red. Here is why. A blowout May jobs report crushed interest rate-cut hopes, sending the 10-year yield vertical to 4.54% and unleashing a massive institutional liquidation wave.🔔 THE SCOREBOARD🟢 Winner: Consumer Staples (capital rotated into defensive essentials)🔴 Laggard: Technology & Semiconductors (chips plummeted 8.1% led by Nvidia and Broadcom)🔮 THE LOOK AHEADThe #1 thing to watch for Monday is whether the S&P 500 can defend its critical 7,420 key technical support, or if tech dilution fears will drag the market lower.Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.