[Breaking] New York Stock Market Closes Lower Amid Amazon Plunge... Nasdaq Down 4.17%

[Asia Economy New York=Special Correspondent Joselgina] On the 29th (local time), the three major indices of the U.S. New York stock market all closed lower as selling pressure centered on technology stocks increased due to a sharp decline in earnings of Amazon, the third largest by market capitalization.

On that day, the Dow Jones Industrial Average closed down 2.77% compared to the previous session. The S&P 500, focused on large-cap stocks, fell 3.63%, and the technology-focused Nasdaq index closed down 4.17%.

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