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Stock market live updates: Stocks drop, Nasdaq down 7% in two days, 10% correction ahead?

The slide in the technology sector extended to a second day as investors continued to rotate out of high-flying shares after a huge run-up this year. Cyclical names and reopening trades remained the bright spot in the market with economic recovery picking up steam, as evidenced by Friday’s big jobs report. Major averages are on track to wrap up the week with big losses. Here’s what’s happening:

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