US STOCKS-Wall St extends tech-led selloff

lunes 8 de febrero de 2016 10:51 GYT

* Facebook, Amazon, Netflix, Google lower

* U.S. crude prices down more than 2 pct

* Cognizant fall after weak forecast

* Indexes down: Dow 1.47 pct, S&P 1.63 pct, Nasdaq 2.15 pct (Updates to open)

By Abhiram Nandakumar

Feb 8 (Reuters) - Wall Street fell sharply in early trading on Monday, continuing a technology-led selloff from Friday, as fears of a worsening global-economic slowdown and dropping oil prices continued to rattle investors.

The Nasdaq Composite that includes large-cap technology names such as Alphabet, Microsoft and Facebook was off 1.7 percent on Monday.

Microsoft's 3.3 percent decline weighed the most on the S&P 500 and the Nasdaq. Heavyweights Facebook, Amazon , Netflix and Alphabet were down between 2 percent and 4 percent.

"Equities are in a 'go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.   Continuación...