Dow Down 100
The Dow is down 102 points (0.6%).
The S&P is down 8 points (0.4%).
The Nasdaq is down 42 points (1.0%).
Shares of Amazon.com are weighing on the tech-heavy Nasdaq. On Thursday afternoon, the company announced quarterly financial results that were largely in line with expectations.
"One factor could be that the company's sales growth fell to 23% in Q1, down from 25% in Q4 and 29% in Q3," noted BI's Jillian D'Onofrio.
Other big losers in the Nasdaq include Netflix, Expedia, and Priceline.
Earlier today, we learned that the Markit U.S. services PMI slipped to 54.2 in April from 55.3 in March. Economists estimates the headline would climb to 55.5.
"In the services sector, there are worrying signs for future momentum," said Markit's Chris Williamson. "Levels of outstanding business fell at the fastest rate since last August, and firms' optimism about the year ahead also waned."