S&P 500 heading for its worst week since March 2023

Wall Street is heading for its worst week in 18 months after a weaker-than-expected jobs report on Friday stoked investor concerns about slowing U.S. economic growth. 

Technology stocks took the brunt of the pain. The Nasdaq composite sank 2.6% as Broadcom, Nvidia and other tech companies led the market lower on continued worries that their shares soared too high in the boom around artificial intelligence.

The S&P 500 tumbled 1.6% in afternoon trading, putting it on pace for its worst week since March 2023. The Dow Jones Industrial Average sank 452 points, or 1.1%, as of 2:40 Eastern time after flipping an early gain of 250 points.