Economy concerns send US stocks down

A larger-than-expected drop in durable goods orders intensified Wall Street’s concerns about the US economy today and sent stocks sliding for the second day in a row. Technology issues again suffered the largest declines.

The tech-dominated Nasdaq composite index closed down 26.50, or 1.4%, at 1,817.20. On Wednesday, the Nasdaq dropped 58.02, its largest one-day point loss since July 1, 2002.