Dow Drops 210 Points

S&P 500, Nasdaq also close lower
By Newser Editors and Wire Services
Posted Apr 28, 2016 3:18 PM CDT
Dow Drops 210 Points
Trader Tommy Kalikas, center, works on the floor of the New York Stock Exchange, Thursday, April 28, 2016.   (AP Photo/Richard Drew)

Stocks lost ground on Wall Street as a rout in tech stocks deepened as the day went on. Apple sank 3% Thursday, its second big loss in a row, after billionaire investor Carl Icahn told CNBC he had sold his stake in the company. A day earlier Apple reported its first revenue decline in over a decade as iPhone sales fell. Energy stocks also fell despite another gain in the price of oil. The Dow Jones industrial average fell 210 points, or 1.2%, to 17,830. The Standard & Poor's 500 index lost 19 points, or 0.9%, to 2,075. The Nasdaq composite gave up 57 points, or 1.2%, to 4,805. (Read more Dow Jones stories.)

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