3/5, 5:07 PM (Source: TeleTrader)
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Nasdaq drops 1% after opening in the green

United States' major stock markets sank during the last trading session of the week after opening with gains. Earlier, the Bureau of Labor Statistics released its February employment report with only a slight drop in the unemployment rate to 6.2%.

Meanwhile, the 10-year Treasury yield rose to the highest level since the beginning of the year.

The Dow Jones lost 0.25% or 70.63 points at 11:18 am ET, while the Nasdaq 100 dropped 1.65% or 208 points. The S&P 500 decreased by 0.66% or 24.27 points. The euro drops 0.46% against the dollar to sell for $1.19159 at 11:23 am ET.

Breaking the News / LH