Wall Street falls sharply as strong US jobs data sparks tech selloff and revives rate concerns

Wall Street experienced its worst single-day decline in over a year on Friday, as investors fled technology stocks, bonds, and gold. A robust May jobs report fueled concerns about potential year-end interest rate hikes, ending a nine-week advance for the S&P 500. Despite the selloff, analysts anticipate a market rebound due to strong tech earnings and a positive economic outlook.

Raccontata daabcnews.comeconomictimes.indiatimes.comtimesofindia.indiatimes.comcnn.comedition.cnn.comafr.comswissinfo.cheu.usatoday.comirishtimes.comasia.nikkei.comdawn.comthenationalnews.com+2 altre