BUSINESSJun 5 · 14:27 UTCWPLG LOCAL 10 MIAMIBy CHAN HO-HIM and MATT OTT, Associated Press

Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report

Stocks declined as big technology companies like Nvidia and Broadcom fell, while bond yields surged following a strong May jobs report showing 172,000 jobs added. The Federal Reserve’s potential interest rate decisions and elevated oil prices due to the Strait of Hormuz closure further pressured markets.

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S&P 500topicNvidiaorganizationBroadcomorganizationFederal ReserveorganizationLabor DepartmentorganizationStrait of Hormuzplace10-year TreasurytopicDow Jones Industrial Averagetopic

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