[Breaking] Apple Plunge Leads to Broad Decline in New York Stocks... Nasdaq Down 2.84%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York Stock Exchange all closed lower on the 29th (local time).

On that day, the Dow Jones Industrial Average closed down 1.54% from the previous session. The large-cap focused S&P 500 index fell 2.11%, and the tech-heavy Nasdaq index closed down 2.84%.

The rise in government bond yields weighed on stock prices again, and the downgrade of Bank of America (BoA)'s investment rating caused a sharp drop in the stock price of Apple, the company with the largest market capitalization, which is evaluated to have frozen overall market investor sentiment.