US STOCKS-Wall Street drops, ends worst week since August

viernes 13 de noviembre de 2015 17:36 GYT
 

(Adds detail on close)

* Indexes close lost more than 3 pct this week

* Cisco's forecast drags on tech stocks

* Dept. store chains' weak outlook hits retailers

* Indexes end down: Dow 1.16 pct, S&P 1.12 pct, Nasdaq 1.54 pct

By Noel Randewich

Nov 13 (Reuters) - Wall Street fell sharply on Friday and capped off its worst week since the dark days of August, hurt by a selloff in technology companies, while department stores dropped on concerns about the upcoming holiday shopping season.

The three major indexes ended the week down more than 3 percent, firmly putting the brakes on a fast rally that began in October.

Dow component Cisco dropped 5.8 percent after it gave a flimsy forecast, citing a slowdown in orders and weak spending outside the United States.   Continuación...