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Wall Street tumbles as tech gets slammed

Wall Street tumbles as tech gets slammed
Spencer Platt/Getty Images



Stocks fell Friday as a technology sell-off rattled global markets.




Wall Street had wiped out its gains for the year earlier this week, before beginning to recover Thursday.




Follow the major US indices in real time here.



US stocks tumbled Friday as a technology rout rattled markets around the world, days after concerns about rising rates and the prospect of slowing global economic growth had wiped out Wall Street's gains for the year.
The Dow Jones Industrial Average fell about 1.7%, or more than 400 points. The Nasdaq Composite shed 2.8%, and the S&P 500 was down 2.3%.
High-flying technology companies were taking the biggest hits after posting disappointing earnings. Amazon shares fell into a bear market, or down more than 20% from their peak, after reporting revenue that fell short of expectations and lowering its fourth-quarter guidance. Google parent company Alphabet beat on the bottom line, but missed on revenue. Snap hit an all-time low after the company said it lost 2 million daily users.
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