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Wall Street hit hard as tech softness continues

Wall Street hit hard as tech softness continues

(June 30): Wall Street fell sharply on Thursday, with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares.

The technology sector, which has led the S&P 500's 8-percent gain for the year, dropped 1.8 percent, and were the worst-performing major group. Declines in big tech stocks, including Apple and Microsoft, weighed the most on the benchmark S&P.

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