Wall Street lost ground as influential technology stocks fell and once again steered the broader market.
The S&P 500 fell 1.1 percent Thursday. The Dow Jones Industrial Average fell 0.8 percent, and the Nasdaq composite lost 1.9 percent.
DoorDash sank after warning investors that it will be spending much more on product development next year.
CarMax lost almost a quarter of its value after forecasting earnings far below what analysts were expecting and announcing that its CEO is leaving.
On Thursday:
The S&P 500 fell 75.97 points, or 1.1 percent, to 6,720.32.
The Dow Jones Industrial Average fell 398.70 points, or 0.8 percent, to 46,912.30.
The Nasdaq composite fell 445.80 points, or 1.9 percent, to 23,053.99.
The Russell 2000 index of smaller companies fell 45.96 points, or 1.9 percent, to 2,418.82.
For the week:
The S&P 500 is down 119.88 points, or 1.8 percent.
The Dow is down 650.57 points, or 1.4 percent.
The Nasdaq is down 670.96 points, or 2.8 percent.
The Russell 2000 is down 60.56 points, or 2.4 percent.
For the year:
The S&P 500 is up 838.69 points, or 14.3 percent.
The Dow is up 4,368.08 points, or 10.3 percent.
The Nasdaq is up 3,743.20 points, or 19.4 percent.
The Russell 2000 is up 188.66 points, or 8.5 percent.
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