Wall Street ends sharply lower as jobs data fuels rate hike fears

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Wall Street's nine-week winning streak ended as tech stocks dragged the Nasdaq to its biggest daily drop since April 2025 after a strong May jobs report fueled rate hike fears. US-traded chipmakers plunged, losing about $1.3 trillion in market value. #News #Reuters #Newsfeed #usamarkets #jobsreport #techstocks Read the story here: https://reut.rs/4o7YwU0 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook:

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Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain https://www.channelnewsasia.com/ - 05.06.2026 19:47