Nasdaq Takes Another Hit as Tech Giants Report Earnings

Dan Caplinger, The Motley Fool
·4 min read
Nasdaq Takes Another Hit as Tech Giants Report Earnings
Nasdaq Takes Another Hit as Tech Giants Report Earnings

Earnings season has reached its peak, and on Friday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't like what it saw from the latest reports of its most important constituents. As of 1 p.m. EDT, the Nasdaq was down 2.5%, doubling the declines in a couple of other prominent stock market benchmarks. The result was that Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Facebook (NASDAQ: FB) all fell sharply, while only Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) managed to gain ground.