Wall Street posted sharp declines on Thursday, with the tech-heavy Nasdaq sliding more than 5% as investors dumped high-flying technology-focused stocks, while economic data raised fears about a difficult and long recovery.

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At 11:24 a.m. ET, the Dow Jones Industrial Average was down 718.29 points, or 2.47%, at 28,382.21, the S&P 500 was down 116.23 points, or 3.25%, at 3,464.61, and the Nasdaq Composite was down 568.67 points, or 4.72%, at 11,487.77.

First Published:Sept 3, 2020 9:10 PM IST