On Friday, the U.S. stock market suffered its most significant decline since October, primarily driven by a sell-off in major technology companies. The S&P 500 plummeted 2.6%, with notable losses from Nvidia (down 6.2%), Broadcom (down 7.9%), and Micron Technology (down 13.3%). The Dow Jones Industrial Average and Nasdaq composite also fell, with the latter dropping 4.2%. This downturn followed a strong jobs report indicating that the U.S. added 172,000 jobs in May, which heightened expectations that the Federal Reserve may increase interest rates. Analysts believe that hopes for a rate cut have diminished due to this report. Bond yields rose in response, with the 10-year Treasury yield reaching 4.54%. Additionally, inflation remains a concern, with a 3.8% increase reported in April, the highest in two years. As earnings season concludes, analysts warn that tech stocks may be overvalued, potentially slowing market growth despite a solid year-to-date performance for the S&P 500, which is up 7.9%.