Stocks Rise To Record Highs, Then Get Hammered

(New York, NY) -- Stocks are closing with a big loss after reaching record intraday highs. Tech stocks took a beating. Netflix, Amazon, and Facebook were off by at least three percentage points in today's trading. The Dow Jones Industrial Average closed with a loss of 158 points to 16-414. The Nasdaq plummeted more than two percent, dropping 110 points to 41-28. The S&P 500 closed down 24 points to 18-65.