US STOCKS SNAPSHOT-Nasdaq under 4,000 as selling accelerates

Reuters - UK Focus

NEW YORK (Frankfurt: HX6.F - news) , April 11 (Reuters) - U.S. stocks extended losseson Friday, with the Nasdaq Composite trading below 4,000 for thefirst time in more than a month as biotech and momentum stocksextended losses from the previous session's sharp selloff.

The Dow Jones industrial average fell 148.36 pointsor 0.92 percent, to 16,021.86, the S&P 500 lost 17.86points or 0.97 percent, to 1,815.22 and the Nasdaq Composite dropped 60.369 points or 1.49 percent, to 3,993.738.

On the overall market, disappointing earnings from JPMorganChase weighed on the financial sector. (Reporting by Rodrigo Campos; Editing by Meredith Mazzilli)

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