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S&P 500 and Nasdaq-100 Slide as Strong Jobs Report Sparks Tech Selloff

The S&P 500 and Nasdaq-100 experienced significant declines, with the Nasdaq-100 falling over 3%, as a strong jobs report triggered a broad selloff in tech stocks. Arm, AMD, and Micron led the downturn, marking the largest drop for American tech stocks in over a year.

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