Nasdaq Composite Nears Correction
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recession concernsReuters
•Nasdaq set to confirm correction as recession fears mount; Amazon, Intel slide
78% Informative
Nasdaq Composite on track to fall into a correction in a Wall Street battering.
Dow Jones Industrial Average fell 833.37 points, S&P 500 lost 112.95 points, or 2.07% , to 5,333.73 .
Amazon.com fell 9% after it reported slowing online sales growth in the second quarter .
Intel tumbled 26% after forecasting third-quarter revenue below estimates and suspending its dividend.
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