Black Monday Hits Tech Stocks, May Affect Workforce

Wall Street's 777-point sell-off on Monday signaled that the nation's tech sector is unlikely to emerge unscathed by the economic downturn in the U.S. -- with companies being hit in unexpected ways. Just look what happened to Apple Inc., which has been performing strongly in recent quarters.

Apple led the tumble among tech stocks as its share price dropped by nearly 23% to $105.26. Other tech stocks fell as well, although some large enterprises fared better than others. Hewlett-Packard shares were off by 3.62% to $44.55, while IBM's stock lost almost 5% to close at $114.46.

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