Stock market today: Dow falls 533 points as tech rout spreads to the broader market
Traders work the floors at the New York Stock Exchange (NYSE) in New York on October 11, 2023.
Angela Weiss/AFP via Getty Image
- Major stock indexes were down sharply for a second day on Thursday.
- A mega-cap retreat expanded into a broader rout, and the S&P 500 fell over 1%.
- Meanwhile, higher-than-expected jobless claims boosted confidence in a rate cut this year.
US indexes declined sharply for a second session this week, as the plunge in leading tech stocks broadened out to the rest of the market.
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