<div id="readability-page-1"><div><div>                                                                                                                                                <p>Stock markets enjoyed what looked like an endless uptrend to all-time highs since February. For a time, it dismissed the U.S. and Israel bombing Iran, which caused the Strait of Hormuz to close since then. That ended last Friday, June 5, when the BLS reported 172,000 jobs added in May.</p><p>Economists expected 80,000 job additions. The large difference between the two figures is a result of the local/state government adding 52,000 jobs. Leisure and hospitality added 70,000 jobs. This is above the monthly average of 14,000/month. Firms likely hired staff ahead of FIFA (soccer). </p><p>Stock markets reacted negatively. Nasdaq (QQQ) lost 4.77% on the day. They are upset because the odds have greatly increased for the Fed raising rates later this year. It boosted the U.S. Dollar (UUP) (DXY). The currency strengthened, since U.S. debt is more attractive when treasury bond yields rise. That could hurt the 20+ year bond (TLT) and the 7-10 year bond ETF (IEF).</p><p>The day before that report, Broadcom (AVGO), equivalent to DIY Group's pick Taiwan Semiconductor (TSM), posted quarterly results. AVGO stock lost 12%, then another 4% the next day. That sent South Korea’s chip-heavy index lower and set up Friday’s steep sell-off.</p><p>That wiped $1T of market capitalization. Yet markets are up by $5.76T since Feb.  <br/>Traders who bought stocks at the all-time high may have invested at the top. Long-term investors who built a position just before the Iran invasion started are still ahead. The semiconductor ETF (SOXX), for example, is up by 79.2% YTD.<br/></p></div></div></div>

.IXIC

TQQQ

<p>The Nasdaq dropped 4.77% last week, driven by a stronger-than-expected U.S. jobs report that increased the likelihood of Federal Reserve rate hikes. This macroeconomic data strengthened the U.S. dollar and pressured bond ETFs. Additionally, Broadcom's disappointing quarterly results triggered a sell-off in semiconductor stocks, contributing to a $1 trillion market capitalization wipeout despite broader gains since February.</p>

- Stock markets experienced a sharp decline after a surprisingly strong jobs report indicated 172,000 jobs were added in May, significantly surpassing expectations.  
- This outcome raised concerns over potential interest rate increases by the Fed, leading to a negative reaction in stock prices, particularly a 4.77% drop in Nasdaq.  
- Despite the recent sell-off, markets have overall risen by $5.76 trillion since February, with long-term investments in sectors like semiconductors remaining profitable.

Baystreet

NASDAQ Composite Index

Pro Ultrshort Qqq

Proshares UltraPro QQQ

First Trust Nasdaq Food & Semicon

Invesco PHLX Semiconductor ETF

Direxion Semicon Bull 3X

Fidelity Nasdaq Composite Index ETF

First Trust NASDAQ-100 Equal Weighted

ProShares Shrt QQQ

Direxion Nasdaq 100 Equal Weight Index shares

ProShares Ultra QQQ

Proshares UltraPro Short QQQ ETF

Invesco QQQ Trust

Invesco Nasdaq 100 ETF

Direxion Daily AVGO Bear 1X Shares

Direxion Daily AVGO Bull 2X Shares

iShares Barclays Short Treasury

Janus Henderson Asset-Backed Secs ETF

SPDR Bloomberg 1-3 Month T-Bill ETF

iShares iBoxx  Invt

iShares Trust iShares 1-5 Year Invest Grade Corp Bond ETF

Vanguard Total Bond Market ETF

SPDR S&P Semicon

iShares barclays 20+ Yr Treasury Bd

ISHRS Us Trsry Bd

VanEck Semiconductor ETF

iShares Core US Aggregate Bd

Invesco Semiconductors ETF

iShares 7-10 Year Treasury Bond ETF

iShares Barclays MBS Fixed Rate Bd

Janus Henderson AAA CLO ETF

Vanguard Short Term Bd

Vanguard Long Term Bd

Schwab 5-10 Year Corp Bond ETF

SPDR Intermed Term

VictoryShares Pioneer Asst-Based Inc ETF

iShares Semiconductor ETF

DoubleLine Asset-Backed Securities ETF

Invesco DB US Dollar Index Bullish Fund

Broadcom

Taiwan Semiconductor

What was the #1 reason that caused the Nasdaq to Crater 4.77% Last Week?