Institutions: Disappointing US Non-farm Payrolls (NFP) data may trigger a sell-off in US tech stocks.

[Institutions: Poor Non-Farm Payrolls Data May Trigger Tech Stock Sell-off] Traders are closely watching the upcoming U.S. June Non-Farm Employment data. Economists generally expect an addition of 110,000 non-farm jobs, down from a previous value of 139,000, and the unemployment rate may slightly rise from 4.2% to 4.3%. Jay Hatfield, CEO of Infrastructure Capital Advisors, pointed out that if the non-farm data falls short of expectations, funds may shift from overvalued tech stocks to value stocks. He stated, "There may be uncertainty in the market. In the game between falling tech stocks and rising value stocks, since tech stocks account for 40% of market capitalization, it often leads to a decline in the overall market." However, he added that weak data may also prompt the Federal Reserve to cut interest rates as early as July.