US STOCKS-Technology stocks fall, lead losses on Wall St

viernes 5 de febrero de 2016 16:47 GYT
 

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

* Average hourly earnings rise 0.5 pct

* LinkedIn, Tableau Software slide on weak forecasts

* Indexes down: Dow 1.5 pct, S&P 2 pct, Nasdaq 3.3 pct (Updates to late afternoon)

By Caroline Valetkevitch

Feb 5 (Reuters) - The Nasdaq led a selloff on Wall Street following weak forecasts from technology companies, including LinkedIn, and worries about lofty valuations.

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, also after a disappointing forecast.

Big tech names also sank, including Facebook shares, which dropped 5.7 percent to $104.20, while Alphabet fell 3 percent to $707.97 and Amazon slid 6.6 percent to $500.17. Netflix was down 8.1 percent at $82.42.

Stocks like Amazon and Netflix, both of which more than doubled in price last year, have been favorites with hedge funds. Amazon rose 117.8 percent last year while Netflix jumped 134.4 percent.   Continuación...