https://apnews.com/e839a7ba906b56c35b95034d380d3272

Losses for technology stocks accelerated on Wall Street Friday afternoon, pushing the Nasdaq toward its biggest monthly loss since the 2008 financial crisis. A sharp drop in Amazon was also weighing on indexes after the internet retail giant posted its first loss since 2015.

The S&P 500 was down 3.1% as of 3:36 p.m. Eastern, with technology and communication stocks among the biggest drags on the benchmark index. The Dow Jones Industrial Average fell 741 points, or 2.1%, to 33,193 and the Nasdaq slid 3.5%.