Wall Street ends sharply lower, Dow tumbles over 800 pts

Markets 10/10/2018, 10:00 PM
Wall Street ends sharply lower, Dow tumbles over 800 pts

United States markets closed significantly lower on Wednesday as tech stocks recorded sharp losses throughout the day. The Dow Jones index was falling over 800 points at the session's low, in a worst selloff since February. The FAANG stocks were dragging the markets down with Amazon.com Inc. decreasing over 5%. The Nasdaq 100 was sinking over 4%, while S&P 500 fell 3% amid the selloff.

The Dow Jones Industrial Average closed 3.11% lower led by Nike Inc. losses 6.81%. The Nasdaq 100 was 4.44% in the red at the market close with Netflix Inc. as the worst trading stock losing 8.38%. The S&P 500 fell 3.28% at the closing bell. Tiffany & Co. shares sank 10.22% at the close.

The euro gained 0.27% against the dollar to sell for 1.1522 at 10:03 pm CET.

Breaking the News / SS

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