Angela Weiss | AFP | Getty Images
Dow Jones Industrial Average drops 405 points
Tech struggles continue
Apple shares fell 3% after rising as much as 2.7%. Tesla, which popped more than 8% at one point, ended the day up only slightly. Facebook, Amazon, Netflix, Alphabet and Microsoft also fell. “It’s a tricky market,” said one strategist. “You look up one second and the market’s down. You look down the other second and you’re back up.”
Disappointing jobless claims
U.S. weekly jobless claims came in at 884,000 for the week ending Sept. 5. Economists polled by Dow Jones expected claims to come in at 850,000.
What happens next?
U.S. consumer inflation data is set for release Friday. Kroger is scheduled to report earnings before the bell.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
Stocks were under pressure as tech shares resumed their sell-off.