The major US stock indices are closing down over 1% with the Dow industrial average down -1.66%. Shares of IBM tumbled -13.13% (that is a bad luck number). Shares of American Express were down -7.21%, and Visa fell -4.57%.Other big losers for the day with declines of over 5% include:CrowdStrike Holdings: -9.88%Snowflake: -8.66%American Express: -7.21%Shopify Inc: -7.04%DoorDash: -6.60%Chewy: -6.56%Mastercard: -5.72%Robinhood Markets: -5.68%Strategy: -5.62%Cadence Design: -5.51%Intuit: -5.51%Fortinet: -5.48%PNC Financial: -5.23%Super Micro Computer: -5.21%United Airlines Holdings: -5.17%Macy’s Inc: -5.09%A look at the numbers for the indices shows:Dow industrial average 121.91 points or -1.66% at 48,804.06 points. S&P index -71.76 points or -1.04% at 6837.75.NASDAQ index -258.80 point or -1.13% at 22627.27 This article was written by Greg Michalowski at investinglive.com.