NEW YORK (
) -- Tech stocks took a hammering on Tuesday as investors reacted to unease about the broader economy. With the
Dow plummeting below 10,000
on concerns about China's growth and dismal U.S. consumer confidence figures, the Nasdaq plunged 3.85%.
Across the board, stock charts have been turning into seas of red, with big-name hardware and software makers feeling the burn.
closed down 99 cents, or 4.07%, while
stock was off $3.89, or 3.02%. IBM rival
was also mired in negative territory, slipping $1.77, or 3.84%.
, which has recently been making waves with its
also took a hit, and saw its stock dip $17.82, or 3.77%.
, which is basking in the afterglow of its iPhone 4 launch, headed southward. The company's shares fell $12.22, or 4.55%.
was also weighed down by investor unease, and the company's stock traded down 80 cents, or 3.57%.
Phone maker RIM also had a tough time on Tuesday. Already struggling after the phone maker recently
reported mixed results,
RIM shares fell $2.42, or 4.41%.
, however, largely side-stepped the worst of the sell-off. Verizon's shares ended the session down by just 9 cents, or 0.31%, following a
report that Verizon Wireless will carry Apple's iPhone in 2011, ending
exclusive deal to carry the phone.
AT&T shares closed down 49 cents, or 1.96%.
-- Reported by James Rogers in New York
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