Wall Street slides again on Friday as tech, internet stocks tumble
- 5 years ago
The market rout continued on Wall Street on Friday.
All three of the major indices dropped after underwhelming quarterly financial results from major internet companies -- like Amazon and Google-parent company Alphabet -- spooked markets.
The S&P 500 plunged one-and-three-quarter percent to 2,658... sending it into corrective territory.
The Dow Jones Industrial Average dropped one-point-two percent to 24,688.
The Nasdaq was hit the worst,... slumping more than two percent to close the week at 7,167.
Also on Friday, South Korean stocks plunged again to a 21-month low.
The benchmark KOSPI dropped 36 points, or one-point-seven-five percent, to close at 2,027.
The KOSDAQ continues to get slammed,.. plunging almost three-and-a-half percent to 663.
All three of the major indices dropped after underwhelming quarterly financial results from major internet companies -- like Amazon and Google-parent company Alphabet -- spooked markets.
The S&P 500 plunged one-and-three-quarter percent to 2,658... sending it into corrective territory.
The Dow Jones Industrial Average dropped one-point-two percent to 24,688.
The Nasdaq was hit the worst,... slumping more than two percent to close the week at 7,167.
Also on Friday, South Korean stocks plunged again to a 21-month low.
The benchmark KOSPI dropped 36 points, or one-point-seven-five percent, to close at 2,027.
The KOSDAQ continues to get slammed,.. plunging almost three-and-a-half percent to 663.