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BUSINESSJun 5 · 15:19 UTCWPLG LOCAL 10 MIAMIBy DAMIAN J. TROISE, Associated Press

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

Stocks fell as Big Tech companies like Nvidia and Broadcom declined, while bond yields surged following a strong May jobs report showing 172,000 new jobs. The report reduced expectations of a Federal Reserve rate cut, with the S&P 500 dropping 1% and Treasury yields rising significantly.

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S&P 500topicNvidiaorganizationBroadcomorganizationFederal ReserveorganizationLabor Departmentorganization10-year Treasurytopic2-year TreasurytopicBrent crudetopic
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