A pullback in megacap technology stocks deepened Thursday, dragging the$納斯達克綜合指數 (.IXIC.US)$into its worst two-day decline of the year.
The tech-heavy index dropped 1.8 per cent, while the$標普500指數 (.SPX.US)$shed 1.2 per cent. The$道瓊斯指數 (.DJI.US)$declined around 250 points, or 0.8 per cent.
A recent round of quarterly earnings reports has tamped down this year's rally in big-tech shares. Third-quarter results from tech giants this week have mostly failed to impress investors, injecting volatility into the stock market. The S&P 500's year-to-date gains have shrunk to 7.8%.
澳大利亞市場觀察
Australian shares started higher on the last day of trading this week, shrugging off a late dip on Wall Street after the latest GDP report showed the US economy is still running hot.