US STOCKS-Nasdaq falls 1 percent; Apple leads decliners

Newswire

(Updates to show Nasdaq falling 1 percent) NEW YORK, July 31 (Reuters) - The Nasdaq dropped 1 percent in late trading on Tuesday, led by declines in Apple Inc. . Other indexes also extended losses late amid escalating worries about the subprime mortage market. The Dow Jones industrial average was down 100.07 points, or 0.75 percent, at 13,258.24. The Standard & Poor's 500 Index was down 13.54 points, or 0.92 percent, at 1,460.37. The Nasdaq Composite Index was down 28.51 points, or ...

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