Finance

Dow drops 370 points as tech hits market again, stocks head for third straight down week

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Stocks fell on Friday to end a volatile week as investors continued to dump shares of high-flying tech companies. 

The Dow Jones Industrial Average slid 370 points, or more than 1%. The S&P 500 dropped 1.7% and the Nasdaq Composite fell 2.2%.

Those losses put the major averages on track for their third straight one-week losses, which would be their longest weekly losing streaks in about a year. The S&P 500 and Nasdaq were down more than % each week to date; the Dow has lost 0.3% in that time. The S&P 500 also hit its lowest level this month after reaching an all-time high on Sept. 2.

Shares of Apple dropped more than 3%. Microsoft and Alphabet also pulled back by more than 3% along with…



Source cnbc.com

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