U.S. stocks cascaded Thursday as recession jitters returned to Wall Street, paring gains from a fleeting relief bounce spurred by the Bank of England’s bond-buying move.
The S&P 500 plummeted 2.3%, while the Dow Jones Industrial Average erased more than 500 points, or around 1.7%. The Nasdaq Composite sank over 3%.
Technology stocks led the slide lower as heavily-weighted Apple (AAPL) shares erased roughly 4.8% on concerns around waning demand that prompted a downgrade from Bank of America….
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