Wall Street tumbles, as Apple, internet stocks swoon


NEW YORK (Reuters) – U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.

The Dow Jones Industrial Average fell 395.78 points, or 1.56 percent, to 25,017.44, the S&P 500 lost 45.56 points, or 1.67 percent, to 2,690.71 and the Nasdaq Composite dropped 219.40 points, or 3.03 percent, to 7,028.48.

Reporting by Caroline Valetkevitch


By Kenyan Digest

The Kenyan Digest Team