Market Snapshot: Stock market slides on geopolitical worries, central bank jitters

U.S. stocks retreated Thursday on a combination of geopolitical jitters and growing signs that global central banks are inching closer to unwinding policies that have helped to support prices in both stocks and government bonds.

A round of economic data, including readings on private-sector payrolls and weekly layoffs, appeared to do little to soothe worries about the pace of the Federal Reserve’s policy plans while investors rotating out of battered technology stocks to chase returns in other sectors also contributed to the broader market’s weakness.

The S&P 500 SPX, -0.70% was off by 11 points, or 0.5%, to 2,421, with nine out of its 11 sectors trading in negative territory.

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