US stocks slid on Thursday as weak private-sector jobs data prompted a new bout of volatility on Wall Street after a record rally fed by AI optimism.
The tech-heavy Nasdaq Composite closed 1.9 per cent lower and the blue-chip S&P 500 index dropped 1.1 per cent.
Some investors pointed to private-sector jobs data from Challenger, Gray & Christmas showing that October job cuts were the worst figure for the month in any year since 2003.
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