<p>Tech shares tumbled again Friday morning as Wall Street stocks appeared headed for a second straight rout despite improving US labor data.</p>.<p>Shortly after 1500 GMT, the tech-rich Nasdaq Composite Index was down 3.7 percent at 11,037.95, after earlier dropping five percent.</p>.<p>The Dow Jones Industrial Average fell 1.5 percent to 27,871.77, while the broad-based S&P 500 shed 2.1 percent to 3,381.11.</p>.<p>The losses came after the Labor Department reported that the unemployment rate in August fell to 8.4 percent, the first reading below 10 percent since the coronavirus pandemic struck.</p>
<p>Tech shares tumbled again Friday morning as Wall Street stocks appeared headed for a second straight rout despite improving US labor data.</p>.<p>Shortly after 1500 GMT, the tech-rich Nasdaq Composite Index was down 3.7 percent at 11,037.95, after earlier dropping five percent.</p>.<p>The Dow Jones Industrial Average fell 1.5 percent to 27,871.77, while the broad-based S&P 500 shed 2.1 percent to 3,381.11.</p>.<p>The losses came after the Labor Department reported that the unemployment rate in August fell to 8.4 percent, the first reading below 10 percent since the coronavirus pandemic struck.</p>