Alphabet and discouraging data on the US job market drag Wall Street lower
A sharp drop for Google’s parent company is dragging the US stock market lower on Thursday, while prices for bitcoin, silver and gold weaken. Yields are also sinking in the bond market following discouraging news on the US job market.
The S&P 500 fell 1.1% and is heading toward its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average was down 425 points, or 0.9%, as of 10:10 am. Eastern time, and the Nasdaq composite was 1.5% lower.
