by Stephen Culp

NEW YORK (Reuters) – The New York Stock Exchange ended lower on Thursday as investors continued to shy away from large caps.

The Dow Jones index fell 1.3%, or 533.06 points, to 40,665.02 points.

The broader S&P 500 lost 43.68 points, or 0.8%, to 5,544.59.

The Nasdaq Composite fell by 125,702 points, or 0.7%, to 17,871,223 points.

In a sign that investors remain worried, the volatility index, presented as a barometer of fear, reached its highest level since May.

“What’s different from yesterday is that today we’re seeing a broad-based selloff,” said Tim Ghriskey, a strategist at Ingalls & Snyder in New York.

The Russell 2000 small-cap index fell for the second straight session.

“We’ve seen a shift to other sectors, particularly small and mid-cap,” Ghriskey said. “But that’s changing now. The market is getting restless and looking for direction.”

U.S. jobless claims rose more than expected in the week ending July 13, the Labor Department said Thursday, bolstering the outlook for a slowdown in the labor market.

In terms of values, shares of Taiwan Semiconductor Manufacturing listed in the United States weighed on the semiconductor sector, penalized by information according to which Washington plans to tighten restrictions on exports of advanced semiconductor technologies to China.

Domino’s Pizza declined after it said Thursday it missed consensus on quarterly like-for-like sales.

Warner Bros Discovery rose after reports that the group discussed a plan to separate its online streaming and studio businesses from its television networks in a bid to boost its stock price.

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(With Lisa Mattackal and Ankika Biswas; by Camille Raynaud)

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