Wall Street indexes end lower after sharp reversal, tech leads decline

STORY: Wall Street stocks fell Thursday despite upbeat results from Nvidia with the Dow slipping close to one percent, the S&P 500 dropping one and a half percent and the Nasdaq declining more than two percent.Both the Nasdaq and Dow swung more than 1,000 points from their highs of the day to their lows.Shares of Nvidia ended 3% lower after surging as much as 5% earlier in the day. Most chip-related companies also ended lower.The early rally faded as investors assessed the jobs report from September which was released late because of the government shutdown.The report showed that job growth accelerated, which may lead the Federal Reserve to keep rates where they are at its next meeting, says Mark Gibbens, chief investment officer with Gibbens Capital Management.“The jobs report came in at around 120,000 jobs added, a little bit hotter than when we expected. And what that means is that may pressure the Federal Reserve to actually not cut rates at their December meeting. It wasn't too long ago, maybe a month or so ago, that they were expected to cut by 25 basis points. Now that's more of like a 40-60 proposition as far as 60% being that they are going to be on pause."One bright spot on the down day was Walmart which advanced 6.5% after the retailer raised its annual forecast for the second time this year.