Shares of technology companies tumbled as a flight from mega cap Silicon Valley companies resumed.
Amazon.com fell by roughly 5%, bringing losses for the year to date to about 35%, after analysts at brokerage UBS warned that the macroeconomic backdrop posed a risk to the online retailer's growth prospects.
Shares of Facebook parent Meta, Alphabet, Apple, Microsoft and Netflix all fell sharply.
Home-rental Web site Airbnb permanently banned all parties and events in listings on its platform.
Data-analytics company Databricks plans to switch to open source all of the capabilities and upgrades it has made to Delta Lake, its data-storage technology, essentially giving them away online free.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-28-22 1711ET
