Dow’s 400-point tumble, driven by Microsoft, Apple, Goldman’s stock tumbles

The Dow Jones Industrial Average was off more than 400 points in late-Tuesday afternoon trade, as shares of Microsoft Corp. and Apple Inc. , among the leaders of Monday’s surge, came under heavy selling pressure. Along with shares of Goldman Sachs Group Inc. , those Dow components were exacting a roughly 110-point toll on the price-weighted blue-chip average. The technology sector was being buffeted the most, with the exchange-traded Technology Select Sector SPDR ETF trading down 2.4% on the day. The technology-laden Nasdaq Composite Index was off 3.4%. Most recently, the Dow was down about 444 points, or 1.7%, at 23,784, while the S&P 500 index was 2.1% lower at 2,602.

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From:: Stock Market News

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