Stocks - Dow Falls 400 Points on Tech Worries, Retail Gloom By Investing.com

Stocks - Dow Falls 400 Points on Tech Worries, Retail Gloom

Stock MarketsNov 20, 2018 10:00AM ET

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Stocks - Dow Falls 400 Points on Tech Worries, Retail Gloom

Investing.com – Wall Street slumped on Tuesday, as concerns over technology and disappointing retail results prompted an equity selloff.

The S&P 500 fell 35 points, or 1.33%, to 2,654.92 as of 9:36 AM ET (14:36 GMT), while the Dow tumbled 406 points, or 1.62%, to 24,611.05 and the tech-heavy Nasdaq Composite was down 116 points, or 1.65% to 6,912.27.

Retail earnings came in lower than expected, increasing worry over the holiday sales season.

Target (NYSE:TGT) slumped 8.82% after its earnings came in lower than expected, while Lowe's dipped 3% after news that it plans to exit retail operations in Mexico. L Brands (NYSE:LB) fell 14% after the company cut its annual dividend in half and Kohl’s decreased 8% after it’s increased full-year profit forecast was lower than analysts’ expectations.

Technology stocks were lower amid worry over demand for new products over the holiday season. Apple (NASDAQ:AAPL) fell 2.98% amid news of the company cutting production of its latest iPhone models continued to weigh, while Amazon (NASDAQ:AMZN) decreased 3% and Netflix (NASDAQ:NFLX) was down 3.71%.

Elsewhere, Urban Outfitters (NASDAQ:URBN) rose 2.53% after its third-quarter results beat estimates, while Campbell Soup (NYSE:CPB) gained 6.63% after posting better-than-expected financial results. Best Buy (NYSE:BBY) inched up 1% after it beat third-quarter financial expectations.

In commodities, gold futures rose 0.04% to $1,225.80 a troy ounce, while crude oil slumped 2.50% to $55.70 a barre. The U.S. dollar index, which measures the greenback against a basket of six major currencies, increased 0.33% to 96.38.

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US 30 Futures	34,186.0	-70.0	-0.20%
US 500 Futures	4,151.62	-6.13	-0.15%
Dow Jones	34,259.21	-68.58	-0.20%
S&P 500	4,156.81	-6.48	-0.16%
Nasdaq	13,423.28	+44.23	+0.33%
S&P 500 VIX	19.84	+0.12	+0.61%
Dollar Index	89.767	-0.375	-0.42%

Crude Oil WTI	65.42	-0.86	-1.30%
Brent Oil	68.66	-0.80	-1.15%
Natural Gas	3.024	-0.085	-2.73%
Gold	1,868.85	+1.25	+0.07%
Silver	28.363	+0.089	+0.31%
Copper	4.7320	+0.0205	+0.44%
US Soybeans	1,575.50	-12.50	-0.79%

SPDR S&P 500	414.92	-0.60	-0.14%
iShares Russell 2000	222.18	+0.86	+0.39%
Invesco QQQ Trust	324.96	+0.55	+0.17%
Direxion Daily Junior Gold Miners Bull 2X Shares	110.24	+1.04	+0.95%
iShares Silver	26.20	+0.01	+0.06%
ProShares Ultra VIX Short-Term Futures	4.32	-0.15	-3.36%
ProShares UltraPro QQQ	94.82	+0.47	+0.50%

Apple	126.00	-0.27	-0.21%
Alphabet A	2,282.89	-6.03	-0.26%
Tesla	584.09	+7.26	+1.26%
Amazon.com	3,265.02	-5.37	-0.16%
Netflix	490.81	+1.87	+0.38%
Facebook	313.48	-1.98	-0.63%
Bank of America	42.53	-0.21	-0.49%

Stocks - Dow Falls 400 Points on Tech Worries, Retail Gloom

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