Wall Street extends losses in broad selloff

The Nasdaq led losses for a second straight session, weighed down by Facebook, Amazon and other stocks that had lent strength to the market last year. "When you see selling this broad and non-discriminant, when everything is being sold, it tends to end when it just exhausts everyone who’s worried," said Rick Meckler, president of LibertyView Capital Management in Jersey City, New Jersey. The losses followed a similar drop in European bank shares.