Nasdaq, S&P fall 2% as investors juggle tariff updates with tech, jobs weakness

Wall Street sign, New York City, USA

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U.S. stocks dropped Thursday afternoon, with tech stocks under pressure following Marvell Technology (MRVL) results, data pointing to labor-market weakness, and another switch in the Trump administration’s tariff policy.

The S&P 500 (SP500) lost -2.1%, the Nasdaq Composite (

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