S&P 500 Caps Worst Week in Two Years as Technology Shares Tumble
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The Standard & Poor’s 500 Index posted the biggest weekly drop in two years as concern about chipmaker earnings fueled a rout across the technology industry.
The Dow Jones Industrial Average erased gains for the year as Intel Corp., Microsoft Corp. and Cisco Systems Inc. fell more than 3.5 percent. Microchip Technology Inc. tumbled 12 percent said quarterly revenue was crimped by a decline in China sales and warned of an industry correction. Juniper Networks Inc. sank