About: http://data.cimple.eu/news-article/91f8511a3b171f1ba684d718bdf744eba629bb56f561a2cc96cc1c01

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About: http://data.cimple.eu/news-article/91f8511a3b171f1ba684d718bdf744eba629bb56f561a2cc96cc1c01 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Tech shares led US equities lower Thursday as markets shrugged off a batch of strong economic data ahead of the official May jobs report. Large tech names including Apple and Amazon dropped more than one percent as the Nasdaq gave back some of the gains from the second part of May. "The Nasdaq got ahead of itself, got sort of expensive and we are playing catch up," said Maris Ogg of Tower Bridge Advisors, adding that investors are shifting to industrial stocks. The tech-rich Nasdaq Composite Index fell 1.0 percent to finish at 34,577.04. The Dow Jones Industrial Average slipped 0.1 percent to close at 34,577.04, while the broad-based S&P 500 shed 0.4 percent to 4,192.85. The US private sector hired a whopping 978,000 people last month, payroll services firm ADP reported, a good sign ahead of Friday's Labor Department report -- although the data can vary widely. Also, new applications for US jobless benefits fell below 400,000 for the first time since the pandemic started, while a service sector index came in at an all-time high in May. Among individual companies, General Motors jumped 6.4 percent as it signaled that it expects its earnings through the middle of 2021 to be "significantly better" than it previously thought, thanks to more effective management of the semiconductor shortage. Meanwhile, AMC Entertainment finished a topsy-turvy session down 17.9 percent after raising $587.4 million in a stock offering even after warning prospective shareholders they could potentially lose their entire investment. jmb/hs
schema:headline	US stocks fall despite strong economic data
schema:mentions	Semiconductor S&P 500 Index Tower Bridge Stock AMC Theatres Ogg Dow Jones Industrial Average General Motors Industry Prime Video Australian Labor Party Apple Inc. Pandemic Topsy-Turvy Tertiary sector of the economy Adenosine diphosphate NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)

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