Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies.
Amazon’s stock tumbled 17 percent after the bell, wiping out $190 billion in market capitalization after the retail and technology heavyweight projected a holiday slump that would leave current-quarter sales below Wall Street estimates.
Also after the bell, Apple shares fell about 1 percent, erasing about $30 billion of its stock market value after the Cupertino, California company reported quarterly iPhone sales that fell short of Wall Street targets….