⚡ Tech Got Taken Out Back

Welcome to LazyListen. This is The Daily Rip for today. Tech stocks took a serious hit today, dragging the Nasdaq deep into the red and ending the S&P 500’s nine-week winning streak.

Despite a strong jobs report showing payroll growth nearly double expectations and the best three-month pace since early 2024, investors are grappling with what it means for the Federal Reserve’s rate plans. The robust labor market is making rate cuts less likely this year, with traders now pricing in a possible hike instead. That, combined with a mixed earnings report from Broadcom and falling Bitcoin prices, sparked a sharp selloff in technology and semiconductors.

The tech-heavy Nasdaq dropped about six percent, while the semiconductor ETF SOXL plunged over twenty-eight percent. I. and semiconductor sectors.

On Stocktwits, the conversation was dominated by debates over whether to buy the dip or stay cautious amid broken tech momentum and broader market stress. I. expansion.

I. arms race is costly and that shareholders may face dilution before seeing returns. Meta’s capital expenditure guidance for 2026 has increased to as much as one hundred forty five billion dollars, up from 135 billion.

Alphabet is also planning a massive equity sale of 85 billion dollars and boosting its 2026 capital spending to nearly one hundred ninety billion dollars. , but they’re testing investor patience as the market questions when the payoff will come. 8 trillion dollars, pricing shares around 135 dollars each.

Demand reportedly exceeds supply by about two to one, signaling strong investor interest despite the company missing out on a fast-track entry to the S&P 500. Without automatic inclusion in the index, SpaceX won’t benefit from the usual passive fund buying, but the hype remains intense. The big question is whether SpaceX is a generational must-own or just another crowded trade priced on future growth assumptions.

, and the broader market. In earnings and sector movers, the consumer staples group showed resilience as Procter & Gamble and Coca-Cola both gained around four percent, benefiting from defensive flows amid market volatility. On the other hand, semiconductor stocks took a beating.

Broadcom’s earnings missed expectations, sparking a selloff that dragged down key names like Intel, Micron, Marvell, and Nokia by double-digit percentages. I. server trade momentum reversed.

Lululemon disappointed with weak guidance, dropping nearly nine percent and raising concerns about its turnaround prospects. -driven bioinformatics. The company’s lead drug, Reyobiq, is progressing toward pivotal trials for leptomeningeal metastases, a serious brain cancer complication.

Plus also expanded insurance coverage for its CNSide diagnostic to 81 million lives and secured new billing codes that could reduce healthcare costs by about forty percent. This positions the company well with payers and providers as it advances its precision oncology strategy. -related names and semiconductors.

Watch for further developments from Meta and Alphabet on their capital raises and spending plans. The SpaceX IPO pricing and investor appetite will also be a key focus as the market digests this massive offering. Finally, earnings from other consumer staples and tech companies could provide clues on whether defensive sectors continue to attract capital amid ongoing volatility.

That wraps up today’s market recap. Thanks for tuning in to LazyListen. Thanks for listening.

Catch you next time on LazyListen.