NEW YORK -- Stocks fell sharply today in their worst showing since early January as a profit warning from Intel Corp. dealt a sudden blow to Wall Street's record-setting rebound. Dow dives 94
The Dow Jones industrial average slid as much as 133 points before finishing 94.91 points, or 1.1 percent, lower at 8,444.33.
The technology-laden Nasdaq composite index tumbled 2.7 percent to lead the broad market decline.
Decliners led advancers by more than a 2-to-1 margin on the New York Stock Exchange, with 838 up, 2,155 down and 491 unchanged.
The Standard & Poor's 500-stock list fell 12.28 to 1,035.05, and the NYSE composite lost 4.16 to 540.30.
The Nasdaq composite index plummetted 47.78 to 1,711.92, its third-biggest one-day point drop. The Russell 2000 index of smaller companies fell 5.31 to 456.82, and the small-company dominated American Stock Exchange composite index dropped 4.84 to 704.34
The price of the Treasury's main 30-year bond was down 15/32 point, or $4.69 per $1,000 in face value, by late afternoon, while its yield rose to 6.06 percent from 6.02 percent late yesterday. Prices and yields move in opposite directions.
Although it was the market's biggest drop since Jan. 9, when the Dow plunged 220 points amid heightened jitters over the economic crisis in Asia, leading stock measures are still boasting some hefty gains for 1998: the Dow is up nearly 6.78 percent, and the Nasdaq composite is up 9 percent.
Overseas, Tokyo's Nikkei stock average fell 1.4 percent, Frankfurt's DAX index fell 1.8 percent and London's FTSE 100 fell 0.7 percent.