Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates
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Source: The Manila Times
Published: 2026-06-06 14:08 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Technology & AI, Economy & Finance, Financial Markets, Labour & Workers, Business & Economy, Technology
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Snippet:
The US stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.
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