U.S. stocks fell as technology-related shares extended a recent slide and high weekly jobless numbers revived fears that the economic recovery is losing momentum
Fed Chair Jerome Powell laid out a menu of factors - including wage growth, workforce participation and disparities in minority joblessness relative to whites - that must be satisfied before the Fed would view the economy at maximum employment, and even consider raising interest rates.
Declining issues outnumbered advancing ones on the NYSE by a 1.61-to-1 ratio; on Nasdaq, a 1.36-to-1 ratio favored decliners.
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