US Stocks Drop As Tech Weighs

April 30, 2015

U.S. stocks traded sharply lower Thursday morning, with the Dow Jones Industrial Average tumbling more than 100 points, led by declines from technology as shares of Apple dropped 2 percent. All three major U.S. indexes traded lower, despite stronger-than-expected data that showed U.S. jobless claims dropped to a 15-year low, while consumer spending rebounded in March.…

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