Stocks fell Thursday as a bounce by tech stocks ran out of steam, with the Nasdaq Composite leading the way lower as it snapped a three-day winning streak. The Nasdaq COMP, -2.51% slumped around 382 points, or 2.5%, to finish near 14,807. The Dow Jones Industrial Average DJIA, -0.49% lost around 175 points, or 0.5%, to end near 36,115, while the S&P 500 SPX, -1.42% declined around 67 points, or 1.4%, closing near 4,659.

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William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C.