Apple's Slide Drags Wall Street Down

Stocks fall

Stocks fell in a broad market selloff Wednesday, led by a sharp fall in Apple on worries about slowing demand while weaker-than-expected results from Bank of America pressured the financial sector.

The Dow Jones industrial average .DJI was down 138.19 points, or 0.94 percent, at 14,618.59. The Standard & Poor's 500 Index .SPX was down 22.56 points, or 1.43 percent, at 1,552.01. The Nasdaq Composite Index .IXIC was down 59.96 points, or 1.84 percent, at 3,204.67.