US stocks: Wall St. falls; biotech, technology push Nasdaq down

U.S. stocks dropped on Wednesday as a slump in technology and biotech shares sent the Nasdaq to its biggest decline in almost a year, while the S&P 500 fell through key support levels.

The Dow Jones industrial average .DJI fell 291.34 points, or 1.62 percent, to 17,719.8, the S&P 500 .SPX lost 30.4 points, or 1.45 percent, to 2,061.1 and the Nasdaq Composite .IXIC dropped 118.21 points, or 2.37 percent, to 4,876.52. — Reuters

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US stocks: Wall St. falls; biotech, technology push Nasdaq down

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