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Stocks plunge again; Dow’s two-day loss reaches 1,300 points

Technology and retail companies continued to stumble. Amazon dropped another 2% to $1,719.36 and Apple fell 0.9% to $214.45. Microsoft and Alphabet, Google’s parent company, were little changed. Those stocks have made huge gains for years, but they’re currently out of favor. Amazon and Alphabet, respectively the second- and fourth-most valuable U.S. companies, are in what’s known as a “correction,” a drop of more than 10% from a recent peak. Facebook, the sixth-largest company, has tumbled 29% since late July, surpassing the 20-per cent threshold for a “bear market.”

The Associated Press

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