NEW YORK, Jan. 28 (Xinhua) -- Worries about economic recovery triggered another heavy sell-off in U.S. stocks as investors embraced bearish news from Europe and heavy-weight tech companies. Technology shares led the market down and sent Nasdaq composite plummeting nearly 2 percent. Qualcomm Inc shares sank 14.24 percent to 40.48 dollars and Motorola Inc lost 12.16 percent to 6. 50 dollars a share after both companies gave disappointing outlooks. Apple shares also lost more than 4 percent one day after the sharp gains from its new tablet computer debut. Analysts said expectations for the iPad may have built too high before the product's unveiling. As of Thursday's closing, the Dow Jones lost 115.70, or 1.13 percent Moncler huppari, to 10,120.46. Broader indexes also declined. The Standard & Poor's 500 index shed 12.97 outlet mbt, or 1.18 percent, to 1 ugg paris,084.53 and the Nasdaq plunged 42.41, or 1.91 percent, to 2,179.00. The market was also hit by a report from Standard & Poor's that the rating agency no longer considers Britain's banking system among the "most stable and low-risk." The warning added to investors' concerns about the sovereign debt crisis spreading in Europe. Financial markets are worried that countries like Greece may not be able to service its heavy debt. Earlier this week, S&P lowered Japan's sovereign credit ratings outlook and Britain emerged from recession slower than expected, spurring concerns on global economic recovery. Riskier investments, including stocks true religion jeans, were pressured on Thursday, and drove investors to safety haven of the dollar, which continued to rise. A stronger green back in turn pushed commodities prices lower, bringing down energy and material stocks. President Obama delivered his eagerly-awaited State of the Union address on Wednesday evening timberland uk sale, in which his tone towards banks seemed softened. He avoided talking about limiting the size and risky trading activities of big banks during his speech, which was the biggest concern among investors and led to the worst three- day stretch since stocks bottomed last March. However, uncertainty over details of Obama's banking overhaul plan still weighed on the market. And U.S. Senate's confirmation of Ben Bernanke's reappointment as the chairman of Federal Reserve moments before the market closing had little impact on indexes. In economic news front, investors found little comfort. According to the Labor Department, the number of U.S. workers filing new claims for jobless benefits fell by 8,000 to 470,000 in the week ended Jan. 23 Moncler snow mantra, much less than economists anticipated. Meanwhile, the Commerce Department said that manufacturers' orders for durable goods rose by 0.3 percent in December, also less than market expectation. In other earnings, Dow component Procter & Gamble Co reported a better-than-expected second-quarter earnings and raised its sales outlook for the year. Its shares rose 1.43 percent to 61.68 dollars. Manufacturer 3M Co fell 1.88 percent to 80.75 dollars a share despite posting stronger-than-expected earnings. Friday will be the last trading day of January, and investors are expecting the preliminary reading the fourth quarter GDP growth. Also, traders are eager to recap market's performance in the first month of the year, which usually set the tone for the rest of the year.Related Topics Articles：

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