LIVE MARKETS-US stocks drop with Amazon; trade war worries rise

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US STOCKS DROP WITH AMAZON; TRADE WAR WORRIES RISE

The three major U.S. stock indexes ended lower on Friday, with Amazon.com AMZN.O down sharply and caution high after President Donald Trump said he plans to announce reciprocal tariffs on many countries next week.

The Nasdaq .IXIC was down more than 1% on the day, while all three of the indexes were lower for the week and the Dow .DJI snapped a three-week streak of gains.

Amazon shares fell 4.1% following its late Thursday quarterly results and signs of weakness in the retailer's cloud computing unit.

Other megacaps also were lower, including Apple AAPL.O and Microsoft MSFT.O.

It was a broad selloff, with all 11 of the S&P 500 .SPX sectors ending lower and the consumer discretionary sector .SPLRCD down the most.

Here is the closing market snapshot:

(Caroline Valetkevitch)

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