Wall Street stocks dropped further into the red on Friday following weak US jobs data, with the Nasdaq index falling as much as three percent.
All three major US equity indices were down by at least 2.2 percent around 11:15 am local time (1515 GMT) after fresh data that showed the US economy cooled much more than expected last month reignited recession fears. Tech shares fell sharply, with Intel trading down more than 27 percent after missing earnings expectations.
