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Stocks drop 3% amid tech sell-off

Stocks dropped more than 3% on Thursday — the market's worst drop since June — while the Nasdaq fell 4.5%.

The big picture: The indices are still hovering near their highest levels ever — the S&P 500 is still higher than it was at any time before the pandemic — but the pullback is being led by a drop in the technology stocks which led the advance to record highs.

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States that voted for Biden lose 3 net House seats after Census count

Population shifts mean five states that voted for Joe Biden will lose seats in the House when congressional districts are redrawn later this year, new Census numbers released Monday show, but will gain seats in two other states. Only twoTrump-voting states will lose a seat.

Why it matters: Apportionment and redistricting — the process of redistributing political power among and within the states— comes as Democrats hold slim majorities in both congressional chambers and Republicans have a strong grip on the process of re-drawing district lines.

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