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Wall Street closes down as tech stocks slide, jobless claims rise Reuters New York | Updated on February 19, 2021 × Declines in big tech-related firms pressure Nasdaq, S&P 500; Walmart slides as tepid outlook overshadows upbeat Q4 sales; Facebook shares slip on news of blackout move in Australia Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly US jobless claims pointed to a fragile recovery in the labour market. Shares of Apple Inc, Tesla Inc and Facebook Inc weighed the most on both the benchmark S&P 500 and ...

* Wall St slips on surprise rise in jobless claims, tech selloff (Updates prices, adds comments and file photos)

A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.

Facebook shares fall on concerns it might face tougher regulation overseas after its Australian news ban, while the Australian share market has fallen sharply and retail sales are off to a slow start in 2021.

Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market.