https://apnews.com/34cbe99506e59f919626e34998e41295

NEW YORK (AP) — Wall Street tapped the brakes on its record-setting run Thursday, pulling the S&P 500 down 0.6% in early trading. Technology stocks led the way lower, and the tech-heavy Nasdaq dropped 1.5%. Apple and Facebook, big drivers of the market’s recent rally, each fell about 3%. The S&P 500 closed at its latest all-time high a day earlier and has risen for nine out of the last ten trading days. The government reported that the number of Americans applying for unemployment benefits fell to 881,000, which is still a very high number. Asian markets finished mixed and European markets were broadly higher.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below.