Don't ignore the market's bearish action, led by Nvidia, even as Meta and a few other stocks flashed buy signals. Tesla held a key level.

The jobs report and Nvidia chipmaker Taiwan Semiconductor loom after markets were shut Thursday for Carter's funeral. New AI chip curbs could hit NVDA.

Dow Jones showed steep losses on the stock market today as the major indexes sold off on a robust jobs report. Delta Air Lines hit a record.

The moves come as Wall Street is gearing up for December's nonfarm payrolls reading, which is scheduled to come out at 8:30 a.m. ET on Friday. Economists polled by Dow Jones expect to see an increase of 155,000, less than the gain of 227,000 in November's reading. Additionally, the unemployment rate is projected to remain at 4.2%.

U.S. stock futures quickly tumbled after the government said U.S. employers added a stronger-than-expected 256,000 jobs in December. Economists were expecting hiring to increase by 153,000. Futures for the S&P 500 fell 0.

U.S. stocks are sinking on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high