The US stock market suffered a huge loss of over $200 billion in value in extended trade on Thursday following a weak forecast from Amazon. The company had forecast a slowdown in sales growth for the holiday season, the latest in a string of downbeat quarterly reports from Big Tech companies.

It's a bloodbath: Wall St loses over $200bn in value following weak forecasts and results from Big Tech cos

Amazon shares fell over 14 per cent amid slowing growth as Wall Street stocks fell to a record low in April. The online retail giant reported losses for the first time since 2015 as it forecast slowing growth.

Jeff Bezos loses billions as Amazon shares slump; Wall Street tumbles

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amazon shares-fall

It's a bloodbath: Wall St loses over $200bn in value following weak forecasts and results from Big Tech cos

Jeff Bezos loses billions as Amazon shares slump; Wall Street tumbles