Unemployment data strengthens expectations of tightening, Apple slumps again, Nasdaq falls for the fourth consecutive time, Pinduoduo briefly drops more than 8%.

Nasdaq and S&P hit a new low in over a week, with Apple falling over 6% in two days. Chip stocks and Chinese concept stocks underperformed the market, with iPhone supplier Qualcomm dropping over 7%. Pinduoduo experienced its largest intraday decline in over five months, while XPeng Motors fell over 7%. Alibaba and NIO both dropped over 4%. Following its earnings report, C3.ai fell 12%. The pan-European stock index experienced a seven-day decline, marking the longest consecutive decline in five years. The US dollar index reached a new high in nearly six months for the third consecutive day. Onshore RMB hit a new low in over fifteen years, while offshore RMB lost the 7.34 mark for the first time in three weeks. After hitting a ten-month low, the Japanese yen rebounded during intraday trading. Following the release of unemployment data, the ten-year US Treasury yield reached a two-week high, and the third-in-command at the Federal Reserve stated an open attitude towards raising interest rates, refreshing the daily low. Crude oil fell from its nearly ten-month high, and US oil ended its longest consecutive daily gain in over four years. European natural gas rebounded nearly 8% during intraday trading. Gold experienced a three-day decline, reaching a new low in nearly two weeks.