India, June 6 -- US Stock Market Today Live Updates: A brutal wave of selling swept across Wall Street on Friday, sending shockwaves through global financial markets while investors had been betting on Federal Reserve rate cuts were blindsided after a stronger-than-expected U.S. jobs report reignited concerns that interest rates could stay elevated for longer.

The damage was severe as technology and semiconductor stocks led the rout, dragging the Nasdaq Composite into its worst session in months. The Dow Jones Industrial Average tumbled nearly 700 points, while the S&P 500 posted a sharp decline as traders rushed to reduce risk exposure with Treasury yields rising, geopolitical tensions simmering and high-growth stocks under pressure, in...