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Wall Street sinks as Amazon, Alphabet earnings spark growth concerns

Updated : October 26, 2018 08:02 PM IST

The Nasdaq dropped nearly 2 percent, sharply cutting its gains for the year and moving deeper into correction territory, while the blue-chip Dow shed 1.1 percent and the benchmark S&P fell 1.56 percent, putting under threat their slim gains for the year.
Amazon.com Inc tumbled 7.1 percent after it not just missed quarterly sales estimates, but also gave a below par holiday-season sales forecast.
Wall Street sinks as Amazon, Alphabet earnings spark growth concerns

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