Quickening Retreat From Tech Sinks Market

By Anonymous

Dow Industrials plunge more than 800 points, Nasdaq loses 4% in biggest decline in months

The Dow industrials extended their steepest October retreat since the financial crisis Wednesday, posting an 832-point decline that raises fresh concern about the health of the nine-year-old bull market for stocks.

The selling was led by the technology shares that have fueled much of the 2018 advance in U.S. stocks, with Netflix Inc. dropping 8.4%, Amazon.com Inc. declining 6.2% and Apple Inc. off 4.6%. Combined the three companies shed nearly $120 billion in market value on Wednesday.