Dow Falls More Than 450 Points, Amazon Leads Tech Lower - NBC 10 Philadelphia
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Dow Falls More Than 450 Points, Amazon Leads Tech Lower

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    NEWSLETTERS

    Dow Falls More Than 450 Points, Amazon Leads Tech Lower
    AP
    FILE - In this Oct. 7, 2016 file photo, a sign for Wall Street is carved into a building located near the New York Stock Exchange.

    On the first trading day of April, which is also the first trading day of the second quarter, stocks are tanking thanks to a combination of anxiety about a trade war, and fears about the tech industry getting hit with regulation, CNBC reported.

    The Dow Jones industrial average plunged 596 points, with Intel as the worst-performing stock in the index. The 30-stock index also touched a new low for the year on Monday, falling below the low touched during the slide in February.

    The S&P 500 dropped 2.6 percent and entered correction territory, with tech falling 2.7 percent. The index also dropped below its 200-day moving average, a key technical level. The Nasdaq composite dropped nearly 3 percent — also entering correction — as Amazon declined 5.4 percent.

    "The market leaders are under pressure," said Marc Chaikin, CEO of Chaikin Analytics. "It's a situation where the proven winners for the past few years are faltering." When that happens, "there is a negative psychological sense in the market."

    Colorado Man Charged With Five Counts of Murder in Deaths of Wife and Daughters

    [NATL] Colorado Man Charged With Five Counts of Murder in Deaths of Wife and Daughters

    Christopher Lee Watts was charged with five counts of murder Monday for the deaths of his wife Shanann Watts and their two daughters Bella and Celeste. Watts had initially pleaded publicly that his wife and daughters had gone missing. Their bodies were discovered on the property of the oil and natural gas company Watts worked for. The D.A. said that it's "too early" to discuss whether prosecutors would seek the death penalty.

    (Published Monday, Aug. 20, 2018)