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

Stocks slipped on Wall Street Friday as big technology companies lost ground and weighed down the broader market. Meanwhile, bond yields surged as a strong jobs report continued to dim expectations that the Federal Reserve will cut its benchmark interest rate this year. The S&P 500 fell 1. 1%. The Dow Jones Industrial Average fell 137 points, or 0. 3%, as of 9:59 a. m. Eastern. The Nasdaq composite fell 1. 8%. Nvidia fell 3. 1% and Broadcom fell 3. 9%. They were among the biggest weights on of...

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