Dow sinks over 500 pts premarket after earnings

Friday, 30. October 2020 07:24

Shares on major stock markets in the United States retreated during early premarket trading on Friday following the release of major tech companies' earnings. Tech giants such as Apple and Amazon reported quarterly earnings following the closing bell on Thursday.

This week saw stocks swing wildly amid increased volatility fueled by rising coronavirus infections worldwide and election uncertainty in the US.

The Dow was down 505 points at 2:23 am ET. A minute later, the S&P 500 dropped 2.03%, while the Nasdaq 100 tumbled 2.37%.

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