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Tech stocks drag Wall Street before jobs report
The futures contracts for Wall Street indices, especially semiconductor sector stocks, declined as the release of the US May jobs report approaches. The report is expected to show an increase of around 85,000 jobs compared to 115,000 in April. Investors are primarily focused on the strength of the labor market and how it will influence the Federal Reserve's monetary policy outlook, amid inflation risks and geopolitical tensions that are heightening economic uncertainty.
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