Stocks Tumble Following Latest Jobs Report

In Thursday’s late-afternoon trading, the entire S&P 500 index faced declines, notably led by a 1.5% drop in the information technology sector. Other key sectors, including healthcare, financials, communication services, materials, and industrials, also fell sharply by over 1%. Overall, the U.S. stock market saw significant downturns: the S&P 500 dropped by 1.2%, the Dow Jones Industrial Average by 1.4%, and the Nasdaq Composite by 1.3%, as per the latest FactSet data.

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