Wall Street drops on tech warnings; P&G cuts Dow’s loss

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks fell on Thursday, hit by more warnings in the technology sector, while a rally in Procter & Gamble helped the blue-chip Dow cut its loss. Shares of consumer products giant Procter & Gamble rose 3.7 percent to $ 63.70 after a source said activist investor William Ackman appears to be building a stake in the U.S. household products company. Despite the support, the Dow ended lower for a sixth day. Tech shares remained under pressure, with the S&P technology sector index down 3.5 percent for the month so far. …



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