US Stocks Slide, Erasing Gains from a Rally a Day Earlier
Amazon, Alphabet,
KEEPING SCORE: The S&P 500 index slid 56 points, or 2.1 percent, to 2,648 as of . The Dow Jones Industrial Average dropped 402 points, or 1.6 percent, to 24,581. The Nasdaq composite lost 205 points, or 2.8 percent, to 7,113. The Russell 2000 index of smaller-company stocks gave up 19 points, or 1.3 percent, to 1,480. The Dow and S&P 500 are now down for the year again.
REVENUE MISSES: Amazon and
TEARS IN TOYLAND:
CHIPPER RESULTS: Chipmaker Intel was a bright spot, gaining 2.6 percent to $45.48 after reporting strong quarterly results.
ENCOURAGING ESTIMATE: The Commerce Department said the
BOND YIELDS:
ENERGY: Benchmark
The slide in oil prices helped pull energy sector stocks lower.
CURRENCIES: The dollar fell to 111.99 yen from 112.61 yen on Thursday. The euro fell to $1.1353 from $1.1359.
MARKETS OVERSEAS: Major European stock indexes fell.