U.S. Stocks Crash. Stagflation Worries Grow

 

Daily Mail: Dow plunges 900 points and Nasdaq dives 4% to finish its worst month since the Great Recession as Amazon leads tech sector in brutal selloff 

* Tech stocks plunged on Friday as Amazon shares had their worst day since 2006 

* Nasdaq composite plunged 4.2% to finish worst its month since 2008 crisis 

* The Dow dropped 939 points in a broad selloff to end the month of April 

Losses for technology stocks accelerated on Wall Street Friday, pushing the Nasdaq composite to its biggest monthly loss since the 2008 financial crisis. 

In a day of brutal selling, the Dow Jones Industrial Average fell 939 points, or 2.8 percent, ending April down nearly 5 percent for the month. 

The S&P 500 notched its worst month since the beginning of the pandemic, losing 3.6 percent on Friday and nearly 9 percent since March.  

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Update #1: Tech stocks sink again, Nasdaq has worst month since 2008 (AP)  

Update #2: US STOCKS-Wall Street closes sharply lower on Amazon slump, inflation worries (Reuters)  

Update #3: Dow tumbles more than 900 points and the Nasdaq drops 4% on Friday to close out a brutal month (CNBC)  

WNU Editor: Much of Europe is already experiencing stagflation .... Much of Europe is facing stagflation. France is already there (CNN). More here .... Europe’s Economy Slows to a Crawl as War and Inflation Take a Toll (The New York Times).