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US stocks fell sharply on Friday, with tech leading the way down after the release of May’s jobs report blew past expectations, while a rotation out of tech stocks and chipmakers continued.
The Dow Jones Industrial Average (^DJI) fell 1%. The benchmark S&P 500 (^GSPC) sank 2.2%, while the tech-heavy Nasdaq Composite (^IXIC) plunged by over 3.8%, with shares of Nvidia (NVDA) falling 6%.
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