Wall Street's bloodbath continues as tech trade drags markets after discouraging earnings reports

[crash in the market at wall street] franckreporter U.S. stocks continued to decline on Friday after another batch of discouraging earnings reports came from Amazon (AMZN) and Intel (INTC) that dragged the indexes. The benchmark S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500]) was last -1.2%, while the tech-heavy Nasdaq Composite (COMP:IND [https://seekingalpha.com/symbol/COMP:IND]) was -2.1%, and the blue-chip Dow Jones (DJI [https://seekingalpha.com/symbol/DJI]) was -0.4%. Intel (INTC [https://seekingalpha.com/symbol/INTC]) shares sank more than 30% in the morning trade after it reported third-quarter results and issued guidance that missed Wall Street estimates by a considerable margin. Currently -29.4%.