Nasdaq falls 3% as tech selloff resumes

New York (Sept 4)  The Nasdaq fell another 3% on Friday after plunging in the previous session as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the unemployment rate in August.

At 10:23 a.m. ET, the tech-heavy Nasdaq Composite was down 293.00 points, or 2.56%, at 11,165.11. The Dow Jones Industrial Average was down 129.15 points, or 0.46%, at 28,163.58, while the S&P 500 was down 41.27 points, or 1.19%, at 3,413.79.

Reuters