Stock Market Plunges After Strong Jobs Report, Tech Stocks Take a Hit: Sleep Numbers Shares PlummetThe stock market experienced a dramatic shift today, with major indices like the Dow Jones and Nasdaq initially surging but then plummeting. This reversal was primarily due to a stronger-than-expected jobs report, which reduced the likelihood of an interest rate cut in December. Tech stocks, including Nvidia, also faced a downturn, reflecting growing concerns about high tech valuations if interest rates remain elevated.Sleep Numbers shares, which have been volatile over the past year, dropped significantly after the company reported a nearly twenty percent drop in net sales year over year and a larger loss per share than predicted. This led to a cut in their full-year revenue forecast. Sleep Numbers stock price has fallen over seventy-four percent since the beginning of the year, making an investment of one thousand dollars five years ago worth only about fifty-six dollars today.

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