US STOCKS-Technology stocks lead Wall St selloff

viernes 5 de febrero de 2016 16:08 GYT

* January nonfarm payrolls up 151,000 vs 190,000 est

* Average hourly earnings rise 0.5 pct

* LinkedIn, Tableau Software slide on weak forecasts

* Indexes down: Dow 1.5 pct, S&P 1.9 pct, Nasdaq 3.2 pct (Updates to late afternoon)

By Caroline Valetkevitch

Feb 5 (Reuters) - U.S. stocks added to losses in late Friday trading, led by a 3-percent drop on the Nasdaq following weak forecasts from technology companies including LinkedIn.

LinkedIn was down 45 percent at $105.67, a day after the company's revenue forecast missed estimates. Tableau Software was down 49.5 percent at $41.30.

Big tech names also dropped sharply, including Facebook shares fell 5.7 percent to $104.20, while Alphabet fell 3 percent to $707.97 and Amazon sank 6.6 percent to $500.17.

"Tech has got a few shining examples of what happens if you disappoint," said Art Hogan, chief market strategist at Wunderlich Securities in New York. "When that happens, that calls into question the valuations of all high-multiple stocks."   Continuación...