The Nasdaq ($QQQ) experienced a significant -4% selloff driven by a strong jobs report, crypto momentum drawdowns, and specific news regarding Broadcom ($AVGO), Meta ($META), and Google. Market liquidity is being impacted by the funding needs of SpaceX ($SPCX), while dilution concerns at Meta and Google have raised questions regarding future capex for Amazon and Microsoft. Investors are monitoring if this downside move is a one-off event or the start of a broader drawdown influenced by potential rate hikes and geopolitical tensions.