US STOCKS-Wall St tumbles on Dell's warning on tech spending
(Updates to 4 pm)
NEW YORK, Aug 29 (Reuters) - U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending.
Nevertheless, the market managed to end August in positive territory as oil continued a sharp slide started in July.
The Dow Jones industrial average .DJI was down 171.47 points, or 1.46 percent, at 11,543.71. The Standard & Poor's 500 Index .SPX was down 17.93 points, or 1.38 percent, at 1,282.75. The Nasdaq Composite Index .IXIC was down 44.12 points, or 1.83 percent, at 2,367.52.
For the month of August, the Dow rose 1.5 percent, the S&P gained 1.2 percent and Nasdaq advanced 1.8 percent.
For the week, the Dow fell 0.7 percent, the S&P dropped 0.7 percent and Nasdaq was down 2 percent. (Editing by Leslie Adler)
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