Economics
Nasdaq Composite Falls Most Since April as Tech Shares Tumble
Has the Bull Market Run Its Course?
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U.S. stocks fell, sending the Nasdaq Composite Index down the most in 11 months, as a selloff in semiconductors spread to the broader market.
A gauge of semiconductor stocks dropped the most since October amid analyst downgrades on suppliers to the personal-computer business. Intel Corp., Apple Inc. and Microsoft Corp. were the biggest decliners in the Dow Jones Industrial Average. Kraft Foods Group Inc. soared 36 percent after Warren Buffett’s Berkshire Hathaway Inc. teamed with 3G Capital to acquire the company and merge it with H.J. Heinz.