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Dow falls 130 points as tech shares feel further pressure

Stocks suffered losses but finished above session lows Thursday, with tech shares under renewed pressure, a day after Federal Reserve Chairman Jerome Powell warned the economic outlook remains “highly uncertain.” Weekly data released Thursday showing first-time jobless claims had steadied but remained elevated also contributed to jitters, analysts said. The Dow Jones Industrial Average dropped around 130 points, or 0.5%, to close near 27,902, according to preliminary figures, while the S&P 500 ended with a loss of around 29 points, or 0.8% near 3,357. The tech-heavy Nasdaq Composite shed around 140 points, or 1.3%, to finish near 10,910.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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