US Markets Fall on Strong Employment Data, Chip Stocks Sold Off

US stock markets experienced a sharp decline following stronger-than-expected non-farm payroll data. The Dow Jones, S&P 500, and Nasdaq indices lost value as the data increased the likelihood of the Fed raising interest rates. Notably, there was significant selling pressure on chip sector stocks. The employment report indicated that the economy remains strong and that the Fed may need to take more aggressive steps to combat inflation. This led investors to revise their expectations for rate hikes upward. Rising interest rates triggered selling in growth-oriented technology and chip companies, as higher rates reduce the present value of their future cash flows. Markets traded negatively amid concerns that the Fed could raise interest rates further in upcoming meetings. As investors continue to closely monitor inflation and employment data, volatility is expected to remain high in the short term. This is not investment advice.

📊 SPX — Piyasa Yorumu

▼ down · 70%

The S&P 500 (SPX) fell 2.3% in its latest close to 7441, with the RSI entering oversold territory at 22.2. The MACD is well below the signal line and in negative territory, indicating strong bearish momentum. The price is trading below both the 20-day (7558) and 50-day (7569) moving averages. Headlines suggest strong employment data has triggered rate hike concerns, while selling in chip stocks is pressuring the tech-heavy index. Despite short-term oversold conditions, selling pressure is expected to persist due to the downtrend and negative news flow.

RSI 14

22.2

MACD

-23.57

24h Δ

-2.30%

📊 DJI — Piyasa Yorumu

▼ down · 65%

Strong employment data revived concerns about interest rate hikes, leading to a sell-off in the stock market. Technically, the RSI is at 47 in neutral territory, but the MACD is below the signal line, indicating downward momentum. The price closed below the 20-day moving average, confirming short-term weakness. While staying above the 50-day moving average provides some support, selling pressure is likely to persist.

RSI 14

47.0

MACD

94.79

24h Δ

-0.22%

📊 NDX — Piyasa Yorumu

▼ down · 70%

NDX fell 4.1% in the last 24 hours to 29,354, with RSI entering oversold territory at 19.6. MACD is well below the signal line and in negative territory, indicating strong bearish momentum. The price closed below both the 20-day and 50-day moving averages (30,333), suggesting a weak short-term trend. Strong employment data in the news appears to have increased rate hike expectations, putting pressure on technology stocks. Despite being in oversold territory, bearish momentum may persist, and NDX faces a risk of retreating toward the 29,000 level in the short term.

RSI 14

19.6

MACD

-197.30

24h Δ

-4.12%

📊 NVDA — Piyasa Yorumu

▼ down · 70%

NVDA fell 8.4% in the last 24 hours to $207, with its RSI dropping to 30, approaching oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below the 20-day and 50-day moving averages ($215.8 and $217.1, respectively), which may act as resistance levels. The news headline notes that strong employment data has revived rate hike expectations, triggering selling pressure on chip stocks. The downtrend may continue in the short term, but a potential rebound cannot be ruled out due to oversold conditions.

RSI 14

30.2

MACD

-2.28

24h Δ

-8.37%

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