Partly, more jobs were announced at the end of November than analysts had predicted, and partly, new figures showed that growth in December increased much more than expected in, among other things, retail trade and many service industries. Immediately after the reports were published, the interest rates on government bonds rose.
Investors fear that the strong reports will lead to the central bank, the Federal Reserve, delaying long-awaited cuts in the interest rate.
The broad S&P 500 index fell 1.1 percent, Nasdaq's technology-heavy composite index dropped 1.9 percent, and the Dow Jones industrial index lost 0.4 percent.
The indexes were weighed down by declines in giants such as Nvidia and Tesla. The chip giant fell 6.2 percent and the electric car manufacturer dropped 4.1 percent.
