US Stocks Are Having A Free Fall; Financial, Tech, Retail Most Affected

The US market is seeing a sharp fall, with the tech, financial and retail sectors losing their battle to stay afloat primarily as a result of the stance taken by the Fed on the US economy. By 2:32 pm, the Dow has plunged 229.85 points to 10,414.40, the Nasdaq slipped 63.92 and S&P 500 lost 28.18. Financials stocks that are declining the most are Hewlett-Packard Co HPQ, down roughly 3.5%, Apple Inc AAPL, which fell 3.4%, Dell Inc DELL, which shed more than 2.81%, Broadcom Corp BRCM, down more than 6.72%, and Seagate Technology STX, which lost 0.25%. The stocks in the retail sector that are falling the most are Dollar General Corp DG, which has declined 3.24% and Gap Inc GPS, which is down 2.16%. Genworth Financial Inc GNW, which has lost 5.87%, Hartford Financial Services Group HIG, which has declined about 6%, Invesco Ltd IVZ, which has shed 4.6%, Fifth Third Bancorp FITB and State Street Corp STT, which is down 4.20%. Real estate investment trusts Equity Residential Properties Trust EQR and AvalonBay Communities AVB are also having a free fall. Read more from Benzinga's Markets.