A midday rout in the "Parabolic 7" chipmakers reversed by the close as money fled into the market's dullest corners.

US stocks fell sharply after a blowout May jobs report sparked fears of sustained high interest rates, wiping trillions from Big Tech and dragging crypto

(Bloomberg) -- A rotation that has seen investors bail from richly priced technology names in favor of more economically sensitive industries resumed, dragging down the S&P 500…