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Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears
Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the US Federal Reserve. Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs. All three major US stock indexes closed sharply lower, with plungin...
5 Jun, 20:48 — 5 Jun, 20:48
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First report: politiken · 5 Jun, 20:21|Full coverage: 2 · 27m|Window: 27m
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