Nasdaq 100 Sinks Most Since April as Apple Leads Selloff
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U.S. stocks sank, with the Nasdaq 100 plunging the most since April, as Apple Inc. fell on complaints related to its new smartphone and amid signs of worsening conflict in Russia and the Middle East.
Apple plunged 3.8 percent to lead the selloff in technology shares. Biogen Idec Inc. and TripAdvisor Inc. lost at least 3.3 percent as investors sold some of the bull market’s biggest winners. Allegheny Technologies Inc. sank 4.8 percent as industrial metals slid. The Russell 2000 Index of small-cap stocks sank 1.6 percent to close at a four-month low.