Wall Street drops more than 2 percent on slowdown fears – AOL Finance

NEW YORK (Reuters) – Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.The magnitude of Apple’s holiday quarter revenue shortfall sent shockwaves through the technology sector, which pulled all three major U.S. stock indexes down more than 2 percent, with the Nasdaq posting a 3 percent loss.S&P Technology companies slid 5.1 percent, its biggest one-day percentage drop since August 2011. The Philadelphia SE Semiconductor index ended the session 5.9 percent lower.

Source: Wall Street drops more than 2 percent on slowdown fears – AOL Finance

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