Dow Plunges 602 Points

Tech stocks lead US market lower
By Newser Editors and Wire Services
Posted Nov 12, 2018 3:04 PM CST
Dow Plunges 602 Points
In this Nov. 7, 2018, file photo trader Timothy Nick, center, works with specialist Michael O'Mara on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down more than 600 points, the AP reports. Technology stocks took some of the biggest losses Monday. Apple slumped 5%. Amazon dropped 4.4% and Goldman Sachs gave up 7.5%. British American Tobacco, which makes Newport cigarettes, plunged 8.8% on reports that regulators were considering a ban on menthol cigarettes. The market was coming off a two-week winning streak. The S&P 500 index fell 54 points, or 2%, to 2,726. The Dow Jones Industrial Average fell 602 points, or 2.3%, to 25,387. The Nasdaq composite lost 206 points, or 2.8%, to 7,200. (Read more stock market stories.)

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