Dow Falls Nearly 600 Points. It’s Not Just Tech.

Core Viewpoint - The stock market experienced a significant decline, with the Dow Jones Industrial Average falling nearly 600 points, indicating a broader selloff beyond just the technology sector [1] Market Performance - The Dow Jones Industrial Average decreased by 593 points, or 1.2% [1] - The S&P 500 also fell by 1.2% for the third consecutive day [1] - The Nasdaq Composite saw a larger decline, sliding 1.6% [1] Sector Analysis - Selling pressure in technology stocks persisted, particularly after Alphabet's earnings report failed to boost confidence in the sector [1] - The decline in the broader market was exacerbated by labor market data that did not reassure investors [1]