Wall Street tumbles amid market sell-off


(File photo: AFP)

NEW YORK, May 1 (Xinhua) -- U.S. stocks finished Friday's session noticeably lower amid a broad market sell-off.

The Dow Jones Industrial Average shed 622.03 points, or 2.55 percent, to 23,723.69. The S&P 500 fell 81.72 points, or 2.81 percent, to 2,830.71. The Nasdaq Composite Index decreased 284.60 points, or 3.20 percent, to 8,604.95.

All the 11 primary S&P 500 sectors dropped, with energy closing down 6 percent, the worst-performing group.

Amazon shares slipped 7.6 percent. The U.S. e-commerce giant on Thursday posted a first-quarter profit that missed analysts' expectations and pledged to spend entire second-quarter operating profit on coronavirus response.

Shares of other big tech names, including Facebook, Apple, Netflix and Google-parent Alphabet, were also under pressure.

On the data front, U.S. manufacturing Purchasing Managers' Index registered 41.5 percent in April, down sharply from the March reading of 49.1 percent, the Institute for Supply Management reported on Friday. Any reading below 50 percent indicates the manufacturing sector is generally contracting.