RED OCTOBER: Amazon, Google, and Snap are plunging and taking global stocks down with them

Stocks were sinking, again, in premarket trading early Friday after disappointing earnings reports from the US tech giants Amazon, Google, and Snap weighed on an already gloomy global sentiment in markets.

US stocks have had a rocky "red October," with catalysts including the US-China trade war, the Federal Reserve raising interest rates, and a spike in bond yields. Those worries eased into a relief rally Thursday, with major US benchmarks all up by at least 1.6%.

But that relief was set to be short-lived upon the ringing of the opening bell in New York on Friday. Amazon, Google, and Snap all posted earnings that spooked investors, sending Amazon's stock slumping 7.8% in early-morning trading. Google's parent company, Alphabet, was down 4.3%, and Snap had lost a whopping 13% at about 8:45 a.m. in New York.

https://www.businessinsider.com/amazon-google-snap-stock-global-stocks-down-2018-10