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Dec. 3, 2021, 11:59 a.m. EST

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 (NASDAQ:COMP) 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 (S&P:SPX) and the Dow Jones Industrial Average (DOW:DJIA) , 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.

Link to MarketWatch's Slice.