The Nasdaq on Thursday afternoon turned sharply lower. The Nasdaq Composite Index was most recently down 89 points, or 1.6%, as the index was jolted suddenly lower. The abrupt retreat for the tech-centric gauge came as the other main equity benchmarks pared earlier gains. All three equity gauges notched all-time intraday trading highs, with the S&P 500 index down 0.7% at 2,461 and the Dow Jones Industrial Average trading flat at 21,708, buoyed by gains in Verizon Communication , with Dow component and tech-giant Apple Inc. , off 2.8%, and cutting about 30 points from the blue-chip gauge. Technology shares were seeing the heaviest selling pressure, with the popular tech-focused exchange-traded fund, the Technology Select Sector SPDR ETF , down 1.1% in recent trade.
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