Stocks slump as tech sector takes market on rocky ride

Stocks bounced around Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.

The Dow was down 200 points after slumping more than 250 points, while the S&P 500 was off by 1.3 percent. The Nasdaq sank 2 percent as Facebook, Amazon, Netflix and Alphabet all traded lower.

Boeing a posted better-than-forecast profit and revenue and raised its full-year guidance on earnings and sales. The report sent the stock up more than 1 percent.

The results come as investors slog through the busiest week of the earnings season. More than 100 S&P 500 companies are scheduled to report this week, including Amazon, Alphabet and NBCUniversal-parent Comcast. So far, 80 percent of the companies that have reported have topped earnings expectations, according to data from FactSet.

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