Tech and retailers pull Wall Street sharply lower

U.S. stock indexes fell sharply on Friday, weighed down by a selloff in technology companies after a disappointing forecast from Cisco, while department stores dropped on concerns about the key holiday shopping season. Dow component Cisco fell 6.4 percent after it gave a weak forecast, citing a slowdown in orders and weak spending outside the United States. It was the second-biggest drag on the S&P and the Nasdaq and pulled down shares of tech heavyweights including Apple and Oracle.