Names that have rallied since March lows, such as Apple Inc, Microsoft Corp and Amazon.com, all fell at least 2.8%.
The number of Americans filing new claims for unemployment benefits remained high last week, Labor Department data showed, as layoffs and furloughs persisted across industries.In addition, the U.S. Senate on Thursday killed a Republican bill that would have provided around $300 billion in new coronavirus aid, as Democrats seeking far more funding prevented it from advancing.
Massocca cited election uncertainty and the length of time it may take the economy to fully reopen due to the coronavirus pandemic. A few notably large, bullish tech-related options positions in Facebook Inc, Adobe Inc and Netflix Inc were partially unwound on Thursday, in line with more cautious sentiment toward tech names, according to Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group.
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