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News Summary: Stocks head lower on growth concerns

The Associated Press

STOCKS HEAD SOUTH: Concerns about the outlook for global growth pushed stocks lower Wednesday. Technology, energy and financial companies led the market lower.

LOWER STILL: Apple continued to fall after a supplier hinted at a slowdown in iPhone and iPad production. The stock dipped below $400 for the first time in a year and a half and are down 43 percent from last September's all-time high of $705.07.

LACKLUSTRE: Bank of America's $2.3 billion first quarter profit didn't impress investors who had been expecting better. The lender fell the most in more than five months, declining 4.7 percent to $11.70.