US stocks sink on rate hike worries; Nasdaq plunges 3.3%

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NEW YORK: US investors dumped major technology stocks Friday in a heavy selloff spurred by fresh jobs market data that could support another interest rate rise by the Federal Reserve.

The Nasdaq Composite plunged 3.25 percent and the broader S&P 500 1.85 percent, while the Dow Jones Industrial Average gave up 1.29 percent.