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Nasdaq futures drop as Facebook tumbles

Reuters - UK Focus

SAN FRANCISCO, July 25 (Reuters) - Nasdaq (Frankfurt: 813516 - news) futures dropped 0.85 percent late on Wednesday, suggesting the technology-heavy Nasdaq Composite index would fall when trading opens on Thursday morning.

After the bell, Facebook (NasdaqGS: FB - news) slumped 21 percent following its quarterly report, setting off a cascade of selling in technology and other high-growth stocks listed on the Nasdaq, including Amazon, Netflix (Xetra: 552484 - news) and Alphabet (Swiss: GOOGL-USD.SW - news) . (Reporting by Noel Randewich; editing by Diane Craft)