Nasdaq Plunges 3% as Amazon, Intel Rattle Investors — SkimNews
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- Nasdaq plunged 3% and headed for its worst trading day since June, with technology stocks leading the selloff.
- Amazon and Intel earnings rattled investors, sending Nasdaq futures down and S&P 500 futures lower; Intel shares were separately reported as crashing as the tech-led selloff deepened.
Why it matters: For tech shareholders, the Nasdaq's 3% drop and Intel's plunge made the pressure concrete, while lower S&P 500 futures showed it was reaching the broader market. Parallel coverage put both the Nasdaq and S&P 500 on track for monthly losses, making the session part of a broader drawdown.
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