US stocks fell on Friday, and the Nasdaq index recorded its worst monthly performance since 2008, as Amazon shares led the losses in the technology sector.
The Dow Jones index lost about 940 points at 32,977 points, while it fell by 3.9% over the course of this April.
While the Nasdaq index recorded the worst daily performance in 2022, declining 4.17%, or about 536 points, at 12,334 points, while it recorded monthly losses of about 13.3%, which is the worst monthly performance since October 2008.
As for the S&P 500 index, it fell by 3.63% at 4,131 points, while it recorded monthly losses of 8.8%, which is the worst monthly performance since March 2020.
Investors in the stock markets received many negative news over the course of this month, most notably the Federal Reserve’s tendency towards tighter monetary policy, the rise in Corona injuries in China, and the sharp rise in the inflation rate.
Amazon stock fell by about 14%, the largest daily decline since 2006, after it announced losses in the first quarter of this year.
This week, a large number of technology companies announced their business results for the first quarter of this year.
And after half of the companies listed in the S&P500 index have announced their financial results for the first quarter so far, 80% of those companies posted profits above expectations.