US stocks losses deepen amid tech selloff; Dow -2.1%, Nasdaq: -3.4%
Reuters
New Delhi, Delhi, IndiaUpdated: Oct 26, 2018, 08:53 PM IST
File photo. Photograph:(Reuters)
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Amazon.com Inc tumbled 7.1 per cent after it not just missed quarterly sales estimates, but also gave a below par holiday-season sales forecast.
Wall Street was back in aggressive sell-off mode on Friday, with major stock indices losing more than two per cent following disappointing earnings announcements from Amazon and Google parent Alphabet.
Near 1455 GMT, the Dow Jones Industrial Average was down 2.1 per cent at 24,470.18.
The broad-based S&P 500 shed 2.8 per cent to 2,631.14, while the tech-rich Nasdaq Composite Index tumbled 3.4 per cent to 7,066.69.