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Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market
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Morning Bid: Missing the mark

Morning Bid: Missing the mark

By Anna Szymanski June 5 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!
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Wall Street Indices Plunge Amid Tech Sell-Off and Rate Hike Concerns

Wall Street Indices Plunge Amid Tech Sell-Off and Rate Hike Concerns

Wall Street Indices Plunge Amid Tech Sell-Off and Rate Hike Concerns
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Yen pinned near intervention zone; dollar boosted by Gulf tensions

Yen pinned near intervention zone; dollar boosted by Gulf tensions

By Amanda Cooper LONDON, June 5 (Reuters) - The Japanese yen tested the 160-per-dollar barrier on Friday, drawing sharp official warnings, as the dollar held firm ahead of key U.S. employment data and Middle East tensions underpinned safe-haven demand.
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US Bank Regulators Advocate for Deregulatory Agenda to Boost Economic Activity

US Bank Regulators Advocate for Deregulatory Agenda to Boost Economic Activity

US Bank Regulators Advocate for Deregulatory Agenda to Boost Economic Activity
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Trading Day: War clouds and tech wobbles

Trading Day: War clouds and tech wobbles

By Jamie McGeever ORLANDO, Florida, June 3 (Reuters) - Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil.
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Wall St futures pause near record highs as oil climbs on Middle East stalemate

Wall St futures pause near record highs as oil climbs on Middle East stalemate

June 3 (Reuters) - U.S. stock index futures stalled near record highs on Wednesday as rising crude oil prices weighed on sentiment, with a flare-up in the Middle East conflict signaling little progress in efforts to end the months-long war.
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US services sector activity rises in May; supply constraints boost prices

US services sector activity rises in May; supply constraints boost prices

By Lucia Mutikani WASHINGTON, June 3 (Reuters) - U.S. services sector activity picked up in May as businesses preemptively placed orders and replenished inventories in anticipation of shortages and higher prices stemming from the war in the Middle East.
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Stocks drop as AI rally pauses, US-Iran peace talks stall

Stocks drop as AI rally pauses, US-Iran peace talks stall

By Rae Wee SINGAPORE, June 5 (Reuters) - Asian share markets slid on Friday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities as U.S.-Iran peace talks remain in limbo.
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Analysis-US tech stocks' market dominance reaches new heights and presents new risks

Analysis-US tech stocks' market dominance reaches new heights and presents new risks

By Lewis Krauskopf NEW YORK, June 3 (Reuters) - The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group -- and more vulnerable should those market leaders trip up.
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US service sector growth picks up in May; businesses face higher prices for inputs

US service sector growth picks up in May; businesses face higher prices for inputs

WASHINGTON, June 3 (Reuters) - U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and higher prices because of the war with Iran. 
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Dow Surges 900 Points to Record High Amidst Tech Sector Decline

Dow Surges 900 Points to Record High Amidst Tech Sector Decline

Dow Surges 900 Points to Record High Amidst Tech Sector Decline