GLOBAL MARKETS-Wall Street slides on tech sell-off, other world stocks flat

(New throughout, updates prices, market activity and comments)
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
* Graphic: Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr

By Suzanne Barlyn
NEW YORK, March 3 (Reuters) - Wall Street fell on Wednesday
as investors sold off technology stocks, while shares from Asia
to Europe were flat, while the dollar rose even as U.S. jobs
data disappointed investors and virtual currency bitcoin jumped.
The pan-European STOXX 600 index .STOXX rose 0.05% and
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.68%. "We're seeing a lot of what we've seen over the past week or
so, that is markets being stymied to some extent by rising
interest rates," said Randy Frederick, vice president of trading
and derivatives for Charles Schwab in Austin, Texas.
The Dow Jones Industrial Average .DJI fell 119.98 points,
or 0.38%, to 31,271.54, the S&P 500 .SPX lost 50.51 points, or
1.31%, to 3,819.78 and the Nasdaq Composite .IXIC dropped
361.04 points, or 2.7%, to 12,997.75.
Equities retreated as benchmark U.S. Treasury yields moved
higher after declining for three straight days.
High-flying technology shares sold off as investors pivoted
to sectors more likely to benefit as the economy recovers due to
fiscal stimulus and vaccinations. Emerging market stocks rose 1.30%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 1.42%
higher, while Japan's Nikkei .N225 rose 0.51%. The U.S. economy's modest recovery continued over the first
weeks of this year, with businesses optimistic and housing
demand "robust," with slow improvement in the job market, the
Federal Reserve reported. Other data showed U.S. services industry activity
unexpectedly slowed in February due to winter storms, while
private payrolls increased less than expected as manufacturing
and construction jobs declined.
Investors were growing optimistic that U.S. stimulus will
soon energize the global economy. The U.S. Senate was set to
open debate on President Joe Biden's $1.9 trillion coronavirus
relief package, with Democrats eager to pass it soon.
UK Finance minister Rishi Sunak delivered what he hopes will
be a last big spending splurge to get Britain's economy through
the COVID-19 crisis, and announced a corporate tax hike starting
in 2023 to bolster public finances. Longer-term U.S. Treasury yields rose as investors looked
toward comments from Federal Reserve Chair Jerome Powell on
Thursday for signs the central bank was set to acknowledge the
risk of a rapid rise in rates. The benchmark 10-year note was poised to snap a three-day
streak of declines following a jump to a one-year high of 1.614
percent last week, with many Fed officials having downplayed the
rise in recent days.
Benchmark 10-year notes US10YT=RR last fell 15/32 in price
to yield 1.467%, from 1.415% late on Wednesday.
Euro zone government bond yields rose again on doubts about
whether the bloc's central bank will step in to curb the recent
sharp increase, while data reflected optimism about economic
recovery. Although yields have dipped from their highs, pressure
remains, with Germany's 10-year Bund yield, the benchmark for
the region, rising 5 basis points to -0.29%. It remained far
below its Feb. 26 spike of -0.203%. DE10YT=RR
The dollar gained as investors priced for strong U.S. growth
relative to other regions, while the safe-haven Japanese yen
continued to weaken to a seven-month low. The dollar index =USD rose 0.157%, with the euro EUR=
down 0.21% to $1.2064.
Bitcoin hit $52,652, the highest in a week. It was last up
4.1% at $50,533.
Spot gold XAU= dropped 1.3% to $1,715.40 an ounce. U.S.
gold futures GCc1 fell 0.85% to $1,715.30 an ounce.
Oil prices rose, boosted by expectations that OPEC+
producers might decide against increasing output. U.S. crude CLc1 recently rose 2.44% to $61.21 per barrel
and Brent LCOc1 was at $64.04, up 2.14% on the day.

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Global assets http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging markets http://tmsnrt.rs/2ihRugV
MSCI All Country World Index Market Cap http://tmsnrt.rs/2EmTD6j
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