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Nasdaq Falls Most Since 2011 as Tech Selloff Resumes

U.S. stocks fell, with the Nasdaq Composite Index sinking the most since 2011, as technology shares resumed a selloff on concern valuations are too high as earnings season begins. Treasury rates sank to a three-week low on speculation interest-rate increases won’t be accelerated.

The Nasdaq Composite Index sank 3.1 percent at 4 p.m. in New York to a two-month low that erased its gain this year. The Standard & Poor’s 500 Index lost 2.1 percent to the lowest since Feb. 19. The 10-year Treasury note fell five basis points to 2.64 percent. The Bloomberg Dollar Spot Index declined to a five-month low and the yen strengthened on a surprise drop in China’s trade figures. Gold jumped 1 percent to $1,318.30.