U.S. Stocks Sink on Tech Rout as Dollar Climbs After Jobs DataBy and
Wage growth bolsters case for Fed tightening as hiring firms
High-valuation stocks LinkedIn, Tableau among biggest losers
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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