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Home / Business / Amazon, Netflix fall as tech stocks for another brutal day

Amazon, Netflix fall as tech stocks for another brutal day



  Amazon CEO Jeff Bezos, founder of the space company Blue Origin and owner of the Washington Post, attends an Air Force Association event on September 19, 2018 in National Harbor, Maryland.

Alex Wong | Getty Images

Amazon CEO Jeff Bezos, founder of the space company Blue Origin and owner of the Washington Post, attends an Air Force Association event on September 19, 2018 in National Harbor, Maryland.

Technology stocks and other related names go down on Thursday after plaguing on the worst day for over seven years on Wednesday.

Technology Select SPDR Fund, which tracks the S & P 500 technology sector, lost 1.4% in pre-trade

The S & P 500 Information Technology Index fell 4.8% The largest decline since August 18 2011, when it fell 5.3 percent

The largest US companies by market capitalization are among the titles in the technology sector. These titles were also the biggest contributors to the rally of the expanded market. Both Apple and Amazon have both risen sharply this year as investors have bet that companies will continue to grow their earnings and gain more market share.

Amazon and Netflix fall technically into different sectors, but investors sold everything that had to do with technology market routers


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