GLOBAL MARKETS-Stocks Fall with Tech Shares; Sterling Up as BoE Keeps Rates Unchanged

GLOBAL MARKET - NEW YORK. Major stock indexes fell sharply on Thursday, with technology and consumer discretionary shares leading losses in the S&P 500, while the British pound firmed after the Bank of England opted against an interest rate cut. 

Shares of U.S. chipmaker Qualcomm dropped after warning that its chips might not be as dominant as before in future Samsung gadgets.