NEW YORK (CNNfn) - Fear that a slowdown in revenue growth is going to take some of the heat off sizzling technology stocks triggered heavy selling on Wall Street Wednesday.
According to preliminary data, the Dow Jones industrial average lost 101.56 points, or 1.1 percent, to close at 9,195.47. Losers beat gainers 1,976 to 1,052 as 730 million shares traded on the New York Stock Exchange.
The Nasdaq Composite tumbled 64.88, or 2.8 percent, to 2,248.99, weighed down by weakness in the technology sector, largely caused by news of slowing revenue growth at Dell Computer. The S&P 500 index shed 17.78 points, or 1.4 percent, to 1,224.09.
The bond market finished higher, helped by the nervousness in stocks. The benchmark 30-year Treasury bond gained 19/32 of a point in price, for a yield of 5.30 percent.
The dollar continued its climb against the Japanese yen, but eased against the euro. 
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