A steep drop in shares of $Alp

2023-10-26

A steep drop in shares of $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and other technology companies dragged the $Nasdaq Composite Index(.IXIC.US)$ into correction territory Wednesday.

The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.

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