Telco, Tech Stocks Keep Falling

Most telecom and other technology stocks continued to slide on Wednesday, but the losses weren’t as substantial as Tuesday’s.

AT&T (T) and Verizon (VZ) each lost a little more than 2 percent of their values. Sprint (S) may have taken the hardest hit of the big phone companies, dropping more than 8 percent.

Google (GOOG) got as low as $330 a share before rebounding to $338. It was still a 2 percent loss for the search giant. Microsoft (MSFT) was off about 1 percent.

One of the few winners on the day was Apple (APPL), up nearly 1 percent.

The Dow Jones Industrial Average fell another 189 points and the Nasdaq lost almost 15.