NEW YORK, New York - U.S. stocks fell across the board on Friday with Amazon a stand-out for sellers. The stock disappointed with its outlook for future revenues.
"Overall earnings have been good. But Amazon ... and some of last year's winners are taking some of the air out of the market today," Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma told Reuters Thomson Friday.
"This market has been driven by big tech and when tech does well, the market seems to go right along with it, and when it doesn't," it falls.
The Nasdaq Composite was the biggest loser in percentage terms, diving 105.59 points or 0.71 percent to 14,672.68.
The Dow Jones index dropped 149.06 points or 0.42 percent to 34,935.47.
The Standard and Poor's 500neased 23.89 points or 0.54 percent to 4,395.26.
The U.S. dollar perked up a day of losses but the gains were not impressive. The euro slipped to 1.1861. The British pound was softer at 1.3897. The Japanese yen dipped to 109.70. The Swiss franc was a fraction weaker at 0.9058.
The Canadian dollar fell to 1.2478. The Australian dollar declined to 0.7341. The New Zealand dollar weakened to 0.6968.
In Europe, Germany's Dax dropped 0.61 percent. The Paris-based CAC 40 was down 0.32 percent. In London, UK, the FTSE 100 slid 0.65 percent.
On Asian markets, the Nikkei 225 in Tokyo was down 498.83 points or 1.80 percent at 27,283.59.
China's Shanghai Composite declined 14.37 points or 0.42 percent to 3,397.36.
In Hong Kong, the Hang Seng gave up 379.74 points or 1.44 percent to 25,935.58.
The Australian All Ordinaries lost 31.00 points or 0.40 percent to 7,664.20.