U.S. Stocks Sink on Tech Rout as Dollar Climbs After Jobs Data

  • Wage growth bolsters case for Fed tightening as hiring firms
  • High-valuation stocks LinkedIn, Tableau among biggest losers

U.S. Unemployment Drops to an Almost Eight-Year Low

U.S. stocks tumbled, with the Nasdaq 100 Index plunging to its lowest in five months, as disappointing earnings sent consumer and technology shares lower. The dollar advanced after signs of wage growth in America forced investors to reconsider the timing and pace of future interest-rate increases.

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