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Stock Market Today: Nasdaq Drops 2% After Strong Jobs Report — Live Updates WSJNasdaq drops the most in more than a year as chips tumble; S&P 500's 9-week winning streak set to end: Live updates CNBCTech Stocks Fall. Why Broadcom, Google, AI IPOs May Have Triggered Sell-Off. Investor's Business DailyStocks and Bonds Fall as Jobs Fuel Fed-Hike Bets: Markets Wrap Bloomberg
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Employers added a 172,00 jobs overall last month, but there were losses in some sectors, including accounting, tax, bookkeeping and payroll services.
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Investors are cooling on momentum stocks and considering the implications of a strong jobs report.
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Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.
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