The stock market saw an abrupt reversal of an earlier rally, plunging around midday as a chip-stock comeback sputtered and sharply reversed course.

Tech stocks tumbled on Friday, with semiconductor stocks leading the sell-off after a blistering run-up to record highs in recent weeks.

South Korean stocks plummeted more than 4 percent Wednesday amid escalating tensions between the United States and Iran and a tech slump fueled by concerns over the valuation of stocks related to arti

Chip stocks fell across the board, with the iShares Semiconductor ETF falling nearly 8% in Tuesday morning’s trade.

Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise interest rates later this year to combat inflation and Wall Street wrestled with weakness in AI stocks.