Stocks Fall on Tech Rout and Mixed Jobs Data; Nvidia Drops 5.5%
- US stocks tumbled on Friday, led by a tech sell-off that dragged the Nasdaq down over 1%
- The jobs report was mixed - strong job growth but signs of a cooling economy
- Nvidia dropped 5.5%, contributing to the Nasdaq's decline
- Falling wage growth and rising unemployment point to potential Fed rate cuts
- Oil prices fell, with WTI dropping 1.29% and Brent crude down 1.23%