The NASDAQ plunged 3.02% (or nearly 410 points) to 13,116.17, which snapped a three-day win streak and puts it down 1.6% for the week heading into Friday. The last time this index dipped by more than 3% was February 25 when it plunged over 3.5%.
All of the FAANGs were sharply lower (as you’d expect), especially declines of more than 3% each for Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). Furthermore, Tesla (NASDAQ:TSLA) dipped 6.9% and Microsoft (NASDAQ:MSFT) slumped nearly 2.7%.
The S&P was off 1.48% today to 3915.46. The Dow reached an intraday high earlier, but reversed course and ultimately ended lower by 0.46% (or around 150 points) to 32,862.30. Both of these indices are coming down from record highs set on Wednesday.