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Why is the US stock market down today? Dow Jones, S&P 500 and Nasdaq crash big as strong jobs report, rising Treasury yields and AI stock selloff shake Wall Street — here are today's biggest gainers and losers
Why is the stock market down today? A hotter-than-expected jobs report erased any lingering hope for near-term Federal Reserve rate cuts — and the US stock market is paying a steep price for that reality check. The Dow Jones fell more than 400 points, the S&P 500 lost 1.8%, and the Nasdaq tumbled nearly 3%. AI stocks led the decline, with Nvidia, Intel, Marvell, and Broadcom losing billions in market value.
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abcnews.com
Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates
Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market
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morningstar.com
North American Morning Briefing: Nasdaq Futures Drop as AI Rally Halts Ahead of Jobs Report
The selloff in shares of companies tied to AI looked poised to continue, with a swath of companies declining premarket, though Dow futures were up.
