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AVGO Tumbles Amid Valuation Fears As US500 Slides On Jobs Data

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The Story

News Summary

  • Broadcom's guidance sparked investor concerns over high valuations, triggering a sharp tech sell-off.
  • Stronger-than-expected May jobs data pushed treasury yields higher, cooling market sentiment and dragging the S&P 500 and Nasdaq down as investors locked in profits following recent record highs.
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AVGO price history

361.99 -3.69% over the displayed period

Advisor Snapshot

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