03:38 PM EDT, 08/02/2024 (MT Newswires) -- Tech stocks were sharply lower late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 5.9%. The Philadelphia Semiconductor index fell 5.5%. In corporate news, Telus International (TIXT) shares plunged 35% as it reported Friday lower-than-expected adjusted earnings and a surprise drop...

* US labor growth misses expectations; unemployment rate rises * Bets rise for a 50 basis point Fed rate cut in September * Consumer Discretionary is worst-hit index * Indexes down: Dow 2.26%, S&P 2.4%, Nasdaq 2.8% (Updated at 2:09 p.m. ET/1809 GMT) By Chuck Mikolajczak NEW YORK, Aug 2 (Reuters) - U.S. stocks tumbled for a second straight session...

03:43 PM EDT, 08/02/2024 (MT Newswires) -- US benchmark equity indexes were on course to close lower Friday, dragged down in part by post-earnings sell-offs in Intel ( INTC ) and Amazon.com ( AMZN ) shares, as markets parsed the latest jobs report. The Nasdaq Composite was down 2.5% at 16,760.3, while the S&P 500 fell 2% to 5,338.7. The...

03:27 PM EDT, 08/02/2024 (MT Newswires) -- Energy stocks fell late Friday afternoon with the NYSE Energy Sector Index dropping 2.6% and the Energy Select Sector SPDR Fund (XLE) slumping 2.8%. The Philadelphia Oil Service Sector Index tumbled 5.7%, and the Dow Jones US Utilities Index eased 0.1%. West Texas Intermediate crude oil fell 3.4% to $73.74 a barrel, while...