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Stock Market on June 5, 2026: Dow falls 695 points after U.S. jobs report; S&P 500 and Nasdaq end sharply lower to book biggest percentage drops since 2025 after big losses in tech sector; Treasury yields jump MarketWatchNasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise CNNAmazon, Microsoft fare better than most in tech stock sell-off spree The Seattle TimesNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBC
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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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US job report strikes a hawkish note as Fed's Warsh takes the baton ReutersU.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3% CNBCHow hot is America's labour market? The EconomistThe job market is much stronger than economists expected. Why? CBS NewsOpinion | More good jobs numbers make the case for fighting inflati
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Tech sell-off, rate-hike fears drive Wall Street plunge Yahoo FinanceNasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates CNBCStrong Job Growth Weakens Stocks WSJS&P 500 set for worst day this year on AI weakness, rising odds for Fed rate hikes CNNWall Street slumps as chips slide, robust jobs data stokes fears of hawkish Fed Reuters
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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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