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US500 Tumbles as Hot Jobs Report Sparks Fed Rate Hike Fears and Tech Selloff

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The Story

News Summary

  • The S&P 500 suffered its largest daily drop since April 2025 as a robust May jobs report tempered hopes for Federal Reserve interest rate cuts.
  • Tech and semiconductor stocks led the decline, ending a nine-week winning streak amid geopolitical tensions and fears of a hawkish policy pivot.
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US500 price history

7656.98 +14.20% over the displayed period

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