Stocks Tank As Tech Stocks Retreat, Trade War Fears Return

(New York, NY) – Amazon is leading a tech sector retreat during a wild up-and-down day on Wall Street. Shares of Amazon tanked more than five-percent today after President Trump launched a Twitter attack on the online retail giant, accusing it of scamming the U.S. Postal Service.

The Dow Jones Industrial Average dropped more than 750 points during the day’s trading before finishing 459 points down at 23-644, a low for the year. Plummeting stocks also sent the Nasdaq and S&P 500 into correction territory at the closing bell.

The Nasdaq ended the day 193 points lower at 68-70, while the S&P 500 dropped 59 points to close at 25-82.

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