Dow sheds 519 points, Nasdaq 3.7% as Facebook falls 26.4%

  • Dow sheds 519 points, Nasdaq 3.7% as Facebook falls 26.4%

    U.S. stocks got slammed as investors dumped large-cap tech led by Facebook which lost 26.4% the worst percentage drop on record, erasing about $200 billion in market value the worst single day ever for a U.S. company. In commodities, oil hit $90 per barrel, the highest since October 2014.

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