NEW YORK (AP) — Wall Street lost ground as influential technology stocks fell and once again steered the broader market. The S&P 500 fell 1.1% Thursday. The Dow Jones Industrial Average fell 0.8%, and the Nasdaq composite lost 1.9%. DoorDash sank after warning investors that it will be spending much more on product development next year. CarMax lost almost a quarter of its value after forecasting earnings far below what analysts were expecting and announcing that its CEO is leaving. European markets fell after a divided Bank of England kept its main interest rate unchanged. Asian markets closed higher. Treasury yields fell.

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

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