Nasdaq Composite loses perch at 15,000 as stock-market benchmark falls to 7-week low

The Nasdaq Composite was facing a fresh selloff Friday, capping a tumultuous week for the benchmark, as investors sold technology and technology-related shares, amid growing concerns that higher borrowing costs are in store for the U.S. economy. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -2.72% was trading 2.6% lower at 14,979, falling below 15,000 for the first time since Oct. 15, FactSet data show. The decline for the index comes amid a broader decline in the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.89% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% , after a weaker-than-expected November jobs report was seen as unlikely to stay the hand of a Federal Reserve that seems intent on tamping down inflation.

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NASDAQ Composite Index

US : Nasdaq

13,768.92

-385.10 -2.72%

Volume: 5.01M

Jan. 21, 2022 5:16p

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S&P 500 Index

US : S&P US

4,397.94

-84.79 -1.89%

Volume: 3.20B

Jan. 21, 2022 4:52p

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Dow Jones Industrial Average

US : Dow Jones Global

34,265.37

-450.02 -1.30%

Volume: 523.88M

Jan. 21, 2022 4:52p