The industrial-skewed Dow Jones index has wiped out all its gains for this year after it dropped 608 points, or 2.4 per cent, to 24,583. The benchmark S&P 500 lost 3.1 per cent, marking its sixth straight day of losses. The S&P technology sector (-3pc) was hit the hardest, after the share prices of Apple (-3.4pc), Facebook (-5.4pc), Google (-5.2pc) and Netflix (-9.4pc) fell sharply. This caused the tech-heavy Nasdaq index to plummet by 4.4 per cent. Several factors dampened investor sentiment overnight — causing the volatility index (VIX) to surge 21.8 per cent to 25.2 points. The Federal Reserve released its latest ... (full story)