Stock Market Impact: Strong US non‑farm payrolls lifted Treasury yields and the dollar, causing the Nasdaq 100 to drop ~5% and the S&P 500 to fall 2.6%, while risk assets including cryptocurrencies experienced sharp sell‑offs.
Listed Companies and Sectors: Semiconductor stocks posted double‑digit losses; broader equity markets rotated away from speculative assets. No specific corporate earnings mentioned.
Investment Flows: U.S. spot Bitcoin ETFs recorded outflows over the past two weeks, reducing demand support; Strategy disclosed its first Bitcoin sale since 2022, adding to sell‑off pressure.
Interest Rates, Inflation, and Liquidity: The payroll data prompted a repricing of Federal Reserve rate‑cut expectations, pushing yields higher and tightening liquidity for risk‑on assets.
Fiscal or Monetary Policy: No new fiscal measures; the market reaction reflects expectations of a less accommodative monetary stance by the Federal Reserve.
