Tech stocks battered after disappointing Amazon and Alphabet results

So-called FANG stocks and other tech shares sank in extended trade on Thursday following disappointing quarterly reports from Amazon.com Inc and Alphabet Inc. The weak results from Amazon and Google parent Alphabet were the latest setback for the high-growth quartet of stocks known as FANG, which also includes Facebook Inc and Netflix Inc. Nasdaq futures fell 0.8 percent and S&P futures lost 0.5 percent, suggesting the U.S. stock market may see more selling when it opens on Friday.

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