US STOCKS-Tech sell-off hits Wall St as jobless claims remain elevated

Wall Street’s main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. Nine out of the 11 major S&P 500 sector indexes were lower, with technology stocks leading sectoral declines. The Nasdaq, which entered correction territory earlier this month, slipped another 2% by midday trading with Facebook Inc, Apple, Amazon.com, Tesla Inc, Microsoft Corp, Alphabet Inc and Netflix Inc together losing $150 billion in market capitalization in the first half hour of trading.


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HEDGE accordingly