US STOCKS-Wall St extends selloff after jobs data; tech stocks slump
* January nonfarm payrolls 151,000 vs 190,000 est
* Average hourly earnings rise 0.5 pct
* LinkedIn, Tableau Software slide on weak forecasts
* Amazon, Facebook, Microsoft drag on Nasdaq, S&P
* Indexes down: Dow 1.45 pct, S&P 1.86 pct, Nasdaq 3.08 pct (Updates prices)
By Tanya Agrawal
Feb 5 (Reuters) - Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts.
Nonfarm payrolls increased by 151,000 jobs last month, below the 190,000 expected by economists polled by Reuters as the boost to hiring from unseasonably mild weather faded.
Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest since February 2008, and average hourly earnings increased 0.5 percent, suggesting the labor market recovery remains firm. Continuación...