US STOCKS-Wall St down 1 pct, Dow and S&P slip into red for the year
* Fed's highlights global growth concerns, spooks markets
* Disney falls after downgrade, weighs on Dow
* Apple falls on report of declining phone sales in China
* S&P tech, finance index turn negative for the year
* Indexes down: Dow 1.08 pct, S&P 1.04 pct, Nasdaq 1.62 pct (Adds details, comment, updates prices)
By Tanya Agrawal
Aug 20 (Reuters) - Wall Street fell more than 1 percent on Thursday morning, pushing the Dow and the S&P into the red for the year, after the Federal Reserve highlighted global growth concerns and as Walt Disney dragged down consumer discretionary stocks.
The Dow Jones industrial average fell to a more than six-month low, while the Nasdaq composite and the S&P 500 fell to their lowest in more than a month.
The Fed, in minutes of its latest meeting released on Wednesday, continued to express broad concerns about lagging inflation even as the job market improved further. The comments led traders to scale back bets that rates would be raised in September. Continuación...