Updated Sep 3, 2020 - Economy & Business

Stocks drop amid tech sell-off

The New York Stock Exchange (NYSE) is pictured on August 31, 2020 at Wall Street in New York Cit
Photo: Angela Weiss/AFP via Getty Images

The S&P 500 closed down 3.51%, while the Nasdaq was off 4.98% (598 points) and the Dow fell 2.78% (808 points) on Thursday. Stocks had their worst day since June.

The big picture: The indices are still hovering near their highest levels ever — the S&P 500 is still higher than it was at any time before the pandemic — but the pullback is being led by a drop in the technology stocks that led the advance to record highs.

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