Dow tumbles 1,000 points for the worst day since 2020, Nasdaq drops 5%; European stocks close lower after Wall Street sell-off; BOE warns of recession risks; Airbus jumps 6 
Stocks pulled back sharply on Thursday, completely erasing a rally from the prior session in a stunning reversal that delivered investors one of the worst days since 2020. 
The Dow Jones Industrial Average lost 1,063 points, or 3.12%. The tech-heavy Nasdaq Composite fell 4.99%. Both of those losses were the worst single-day drops since 2020. 
The S&P 500 fell 3.56%, marking its second worst day of the year. 
Large tech stocks were under pressure, with Facebook-parent Meta Platforms and Amazon falling 5.8% and 7.1%, respectively. Microsoft dropped 4.7%. Salesforce tumbled 6.3%. 
E-commerce stocks were a key source of weakness on Thursday following some disappointing quarterly reports. 
Etsy and eBay dropped 15% and 8%, respectively, after issuing weaker-than-expected revenue guidance. Shopify fell more than 17% after missing estimates on the top and bottom lines. 

The pan-European Stoxx 600 index closed down by 0.8%, with travel stocks losing over 3.6% and insurance stocks shedding 2.8%. Focus in Europe on Thursday was on the Bank of England, which raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. 
Airbus shares jumped more than 6% after a strong first-quarter report, while S4 Capital surged more than 10% after the British advertising company announced that its delayed full-year results will be released on Friday. 
Source: CNBC, Investing.com