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June 4, 2021
Technology companies helped drag stocks lower on Wall Street Thursday, knocking the S&P 500 into the red for the week.
The benchmark S&P 500 index dropped 0.4% and is now on track for a 0.3% weekly loss. Technology companies, whose pricey valuations make them more sensitive to inflation fears, were the biggest weight on the market. Microsoft fell 0.6% and Apple lost 1.2%.
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