Amazon plunge puts Nasdaq on pace for its worst month since 2008 crisis

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Amazon’s disappointing third quarter results are sent the stock down and dragged the tech-heavy Nasdaq Composite lower.

The Nasdaq closed down 2.06 percent on Friday in its fourth straight week of losses. The index pared most of its losses in midday trading and is now roughly 2 percent lower on week and trading in correction levels, more than 10 percent off its 52-week high.

The Nasdaq is on pace for its worst month since October 2008 during the financial crisis, having lost roughly 10 percent this month.

2018-10-26 13:41:00

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