Tech swoon leads big drop on Wall Street

Wall-Street

Wall Street fell sharply on Thursday with the S&P 500 and Dow industrials on track for their worst daily drops in six weeks as investors continued a recent move out of technology shares.

The technology sector , which has led the S&P 500’s 8-percent gain for the year, dropped 2.1 percent, and were the worst-performing major group. Declines in big tech stocks, including Apple and Microsoft , weighed the most on the benchmark S&P.

The Dow Jones Industrial Average fell 167.7 points, or 0.78 percent, to 21,286.91, the S&P 500 lost 21.67 points, or 0.89 percent, to 2,419.02 and the Nasdaq Composite dropped 109.49 points, or 1.76 percent, to 6,124.92.

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Epic Research
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