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Wall Street suffers worst losses in months amid massive tech stock sell

June 6, 2026
Source: abc.net.au abc.net.au
News Snapshot:
The US stock market has experienced its worst losses in months due to large sell-offs of shares in multiple technology giants and fears of a looming rate hike in the wake of a strong jobs figures report.On Wall Street, the S&P 500 sank 2.6 per cent on Friday, local time, marking its biggest one-day drop since October 10, when the Trump administration threatened to impose a 100 per cent tariff on imported goods from China.The losses helped push the benchmark index to its first losing week in the last 10.The Dow Jones Industrial Average also fell 1.4 per cent, while...
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