S&P 500-0.36%▼: intraday decline alongside rising Treasury yields and a stronger-than-expected January jobs print. () Nasdaq-0.76%▼: underperformance versus peers, with Technology among laggards as equities retraced earlier gains. Russell 2000-1.31%▼: small-cap weakness amplified losses relative to large-cap benchmarks. Dow-0.39%▼: modest pullback after initial futures strength following the payrolls release. () VIX+6.13%▲: rose to 18.88 amid the payrolls release and higher nominal Treasury yields. Crypto: BTC-3.10%▼ traded near the high‑$60k area after a multi‑session pullback, while ETH-3.20%▼ also moved lower on the same session price action. () What's driving the market this week The delayed January nonfarm payrolls showed a headline gain of 130,000 and a 4.3% unemployment rate, and the report included sizable downward benchmark revisions to prior months. () Treasury yields moved higher across the curve after the payrolls print, with the 10‑year rising and cash yields reflecting a lower near‑term probability of Fed rate cuts. () Cryptocurrencies and related equities sold off intraday following the stronger jobs data and recent earnings volatility, putting downward pressure on BTC and ETH in the mid‑session trade. ()