The vulnerable NASDAQ index is trading down -2.0% as investors pair back there hopes for a rebound in the tech friendly shares after Snap said their revenues and growth prospects were deteriorating more rapidly than expectations. Snap shares are down 37% in premarket trading. Ouch. Meta shares are down -7.35%. Twitter shares are down -2.54%. Alphabet shares are down -6.0%
A snapshot of the major indices currently shows:
- Dow Jones down -203 points or -0.64% at 31676
- S&P index down -46.7 points or -1.21% at 3925.84
- NASDAQ index down -231 points or -2.01% at 11306
- Russell 2000 down -23 points or -1.29% at 1769.67
