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Institution: Cold non-agricultural data may trigger a sell-off in U.S. stocks and technology stocks "

Internet reports that traders are closely monitoring the upcoming U.S. non-farm payrolls data for June. Economists generally expect 110,000 new non-agricultural jobs to be added, compared with the previous value of 139,000, and the unemployment rate may rise slightly from 4.2% to 4.3%. Jay Hatfield, CEO of Infrastructure Capital Advisors, pointed out that if non-agricultural data falls short of expectations, funds may shift from highly valued technology stocks to value stocks. He said,"There may be uncertainty in the market. In the game of falling technology stocks and rising value stocks, since technology stocks account for 40% of the market value, it often leads to a decline in the overall market." But he added that weak data could also prompt the Fed to advance interest rates to July.

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