Stocks drop on coronavirus fears, tech leads sector declines

U.S. stocks dropped on Friday as a spike in new coronavirus cases in China and other countries and as data showing U.S. business activity stalled in February fueled investors’ fears about the economy. Declines on Friday were led by tech heavyweights Apple, Microsoft, and Amazon for a second straight day.
Reuters:The S&P technology index dropped 2.4%. Chipmakers, with strong ties to China for revenue, also fell sharply, with the Philadelphia Semiconductor index falling 3%.
China reporte