Amazon, Netflix fall as tech stocks head for another brutal day

Alex Wong | Getty Images

Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland.

Technology stocks and other related names are set to head lower Thursday, after getting clobbered in the worst day in over seven years on Wednesday.

Shares of Netflix were down 2.7 in premarket trading, while Amazon and Nvidia both sunk more than 2 percent. Stocks of Twitter, Apple and Facebook also fell more than 1 percent each.

Technology Select SPDR Fund, which tracks the S&P 500 technology sector, was off by 1.4 percent in premarket trading

The S&P 500 Information Technology Index fell 4.8 percent on Wednesday, closing at $1,220.62, marking the biggest decline since August 18, 2011 when it dropped 5.3 percent.

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