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Nasdaq Composite Index

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2026. REUTERS/Brendan McDermid
Jun 5, 2026

Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears

Wall Street closed sharply lower as chip stocks plunged following a strong May jobs report that raised fears of a Federal Reserve rate hike.

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