US stocks fell on Thursday, with broader declines after a tech-focused sell-off during the previous session.
Wall Street’s benchmark S&P 500 fell 0.8 per cent. Around three quarters of stocks in the index declined, with every sector except energy in the red. Small cap stocks, which had jumped in the wake of encouraging inflation data last week, also fell, with the Russell 2000 index down 1.9 per cent.
The tech-dominated Nasdaq Composite slipped 0.7 per cent, with mixed performance among its largest names. Nasdaq and Meta regained some ground after sharp declines on Wednesday, but Apple, Amazon, Microsoft and Alphabet all slid.
The Nasdaq on Wednesday had suffered its worst day since 2022, with investors spooked by geopolitical tensions between the US and China.
