US STOCKS-Wall St drops with tech shares; Nasdaq down for 4th day
* Apple and Celgene weigh
* Jobless claims lowest since 2000
* Indexes down: Dow 1.4 pct, S&P 1.3 pct, Nasdaq 1.9 pct (Updates to late afternoon)
By Caroline Valetkevitch
April 30 (Reuters) - U.S. stocks sold off in late trading on Thursday, with the Nasdaq on track for a fourth straight day of losses, as Apple shares declined and economic data reignited concerns about the outlook for interest rates.
The day's data, including a report showing the number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week, suggested the economy is picking up. It comes a day after the Federal Reserve pointed to weakness in the labor market and other areas of the U.S. economy.
"We didn't get a rally off of the Fed statement, and that kind of set the stage for this morning because we got the first-time claims number which was very strong. And that kind of colored the statement more hawkish for the Fed," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
The Nasdaq biotech index dropped 3.2 percent, led by a 3.9 percent fall in Celgene, which reported lower-than-expected quarterly revenue.
Apple was down 2.7 percent at $125.20 and was the biggest drag on the Dow, S&P 500 and the Nasdaq. The company limited the availability of the Apple Watch after a key component was found to be defective, according to the Wall Street Journal. Continuación...