Wall Street slumps 1 percent on tech woes, trade war fears

(Reuters) - U.S. stock fell sharply at the open on Thursday as technology stocks slumped on fears of increased regulations in the wake of Facebook Inc's (O:FB) data privacy issues, while the United States' plan to impose tariffs on China stoked fears of a trade war.

 

The Dow Jones Industrial Average (DJI) fell 277.24 points, or 1.12 percent, to 24,405.07. The S&P 500 (SPX) lost 27.14 points, or 1.000763 percent, to 2,684.79. The Nasdaq Composite (IXIC) dropped 87.81 points, or 1.2 percent, to 7,257.47.