Stock markets tumble as investors sell off tech stock amid US job fears

Dow Jones, S&P 500 and Nasdaq down after weeks of gains while Europe’s markets end day lower

Stock markets have tumbled, losing some of their spectacular gains made over the past several months, as investors sold off high-flying tech companies and worried about the continuing crisis in the US jobs market.

In New York the Dow Jones Industrial Average was down 557 points, or 1.9%, by noon on Thursday after passeding 29,000 for the first time since February on Wednesday for the first time since February but was down 557 points, or 1.92%, by noon on Thursday. The S&P 500 was down 2.7% and the tech-heavy Nasdaq fell 4%.

Continue reading… Source: The Guardian: Stock markets tumble as investors sell off tech stock amid US job fears ———

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