- The major Wall Street indices opened in negative territory.
- Major tech stocks are suffering heavy losses on Friday.
After posting impressive earnings on Thursday, major US stock indices They started the last day of the week in negative territory. At time of writing, the S&P 500 was down 0.32% on the day to 3,300, the Dow Jones Industrial Average was losing 0.32% to 26,575, and the Nasdaq Composite was down 0.63% to 11,115.
Among the top 11 sectors of the S&P 500, the Technology Index is down 1.15% on the day. Shares of Twitter Inc (TWTR: NYSE), Apple Inc (AAPL: NASDAQ) and Amazon.com Inc (AMZN: NASDAQ) fell 15%, 4.11% and 3%, respectively.
On the other hand, the Communication Services Index is gaining 1.22% driven by strong gains seen in Google Alphabet stocks.
S&P 500 daily chart
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Credits: Forex Street
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