Wall Street update: Dow slumps over 500 points, Nasdaq plunges 4% as tech sell-off continues2 min read 04 Sep 2020, 08:18 PM IST
Mega-cap companies Apple Inc, Microsoft Inc, Amazon.com Inc and Facebook Inc, which were down between 4.5% and 5.9%, weighed heavily on the indexes
Wall Street's main indexes extended declines on Friday, with the Nasdaq on track for its worst two-day fall since March as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the August unemployment rate.
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