US STOCKS-Technology rout pushes Nasdaq to lowest close since 2014

viernes 5 de febrero de 2016 18:54 GYT
 

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

* CBOE Volatility Index jumps 7.1 percent

* LinkedIn, Tableau Software slide on weak forecasts

* Indexes down: Dow 1.3 pct, S&P 1.9 pct, Nasdaq 3.3 pct (Updates close with details, new quote)

By Caroline Valetkevitch

Feb 5 (Reuters) - The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.

Many stocks that had led on the way up in 2015 led the way down this week. Recent earnings and economic reports, including a tepid jobs report, seemed to confirm investors' fear that the economy, and corporate spending, are slowing.

Dismal sales forecasts from marquee technology names sent some high-profile shares crashing as investors questioned whether information-technology managers would keep spending on their products. LinkedIn Corp dropped 43.6 percent to $108.38 after a weak forecast, and business analytics company Tableau Software lost almost half its value.

Facebook dropped 5.8 percent to $104.07 while Alphabet fell 3.6 percent to $703.76.   Continuación...