Nasdaq falls 1% as technology stocks weigh

U.S. stocks fell on Thursday, with the Nasdaq dropping to its low of the session as large-capitalization technology stocks weighed on the index. The Nasdaq COMP, -0.95% fell 1%. While the day's losses were broad, selling was particularly heavy in the tech sector, which was down 1.5%. Apple Inc. AAPL, -2.29% the largest stock in both the sector and the overall market, shed 2.5%. The tech giant was pressured after Taiwan Semiconductor Manufacturing Co. Ltd. TSM, -6.15%gave an outlook that was below expectations, raising questions about demand for the overall industry. Chipmaker stocks were also pressured, with Nvidia Corp. NVDA, -3.40% shares down 3.4% and Qualcomm Inc. QCOM, -4.27% shedding 4.3%. Applied Materials Inc. AMAT, -6.58% was down 5.9%. The Dow Jones Industrial Average DJIA, -0.60% fell 0.6% while the S&P 500 SPX, -0.84% was off 0.8%.