On Friday, the stock market saw a broad sell-off, with the S&P 500, Dow Jones, and Nasdaq all closing lower. Tech stocks, including chip makers like Broadcom, suffered significant losses due to disappointing sales outlooks. Hawkish Fed comments on inflation also contributed to the decline in stock prices. Despite this, Q3 earnings for S&P 500 companies have been strong, with 83% beating forecasts. Overseas markets were mixed, with European bonds yields rising. In the US, tech stocks like Broadcom, Micron Technology, and Marvell Technology were among the biggest losers, while Lululemon Athletica saw gains.

Read more at Barchart: Stocks Sink as Chip Stocks Retreat and Bond Yields Climb