Stocks Slide. Tech Selloff Enters Its Third Day.

The exertion stocks selloff entered its 3rd time connected Thursday, but the remainder of the marketplace wasn’t doing truthful hot, either.

The Nasdaq Composite dropped 1.7%. The Dow Jones Industrial Average fell 515 points, oregon 1%. The S&P 500 was down 1.2%.

Outplacement steadfast Challenger, Gray & Christmas said U.S. employers announced 108,435 occupation cuts successful January, which was the astir successful the archetypal period of a twelvemonth since 2009. Initial jobless claims of 231,000 past week were besides good supra expectations astatine 210,500.