Nasdaq, S&P 500 tumble as Amazon has worst day since March 2020

Other tech behemoths – including Apple Inc, Google parent Alphabet Inc, and Facebook Inc – also took a dip.

The Nasdaq and S&P 500 indexes fell on Friday following a glum quarterly earnings report from Amazon.com, while data showing a strong rise in June consumer spending reinforced optimism about a steady economic rebound. Amazon.com Inc sank 6.9 percent, tracking its worst day since March 2020, after the company said sales growth would slow in the next few quarters as customers ventured more outside the home. Shares of other technology behemoths – including Apple Inc, Google parent Alphabet Inc, and Facebook Inc, which benefitted last year from people staying indoors due to COVID-19 curbs – fell between 0.6 percent and 1.8 percent.