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Dow Jones Industrial Average

Last Updated at 19 Sep 2017, 19:59 GMT *Chart shows local time Dow Jones intraday chart
value change %
22370.80 +

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Verizon Communications Inc.

49.34 +

Unitedhealth Group Inc.

194.65 -
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Nasdaq Index

6461.32 +

S&P 500 Cash Index - Chicago Mercantile Exchange

2506.65 +

(Close): US stock markets saw heavy declines on Thursday, led by falls in tech stocks.

The Dow Jones fell 264.26 points, or 1.5%, to 16,945.80, the S&P 500 dropped 32.31 points to 1,965.99 and the Nasdaq was 88.47 points lower at 4,466.75.

Apple shares fell below $100, dropping 3.8% to $97.87 after it had to pull an update to its iOS 8 operating system.

Apple apologised after the update left some owners of its new iPhones unable to make or receive calls.

Other tech stocks were also lower, with Intel shares down 1.8%.

Earlier, figures from the Commerce Department showed that orders for durable goods fell 18.2% in August, although the previous month's figure had been distorted by a big increase in aircraft orders.

Separate economic data indicated the US jobs market was maintaining momentum. Initial claims for unemployment benefits rose by 12,000 to a seasonally adjusted 293,000 last week, but this was not as high as analysts' forecasts of 300,000.

"If you look at the jobless claims, it is still pretty much indicating that the jobs market expansion is continuing, and that is key," Peter Cardillo, chief market economist at Rockwell Global Capital, told Reuters.