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 +1.90% 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 +1.29% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.78% , 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

12,113.79

+226.34 +1.90%

Volume: 5.80B

Feb. 7, 2023 5:16p

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S&P 500 Index

US : S&P US

4,164.00

+52.92 +1.29%

Volume: 0.00

Feb. 7, 2023 5:00p

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Dow Jones Industrial Average

US : Dow Jones Global

34,156.69

+265.67 +0.78%

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Feb. 7, 2023 5:00p