Amazon.com Inc dropped 12% after the online retailer reported its first quarterly loss in six years and quarterly revenue growth eased for the sixth quarter in a row. 

Amazon is facing two headwinds, slowing consumer spending, rising fuel and labor costs at its operations. 

Apple Inc muted its upside to 0.6% after the phone and computer maker reported better-than-expected earnings but guided higher costs and supply disruptions are likely to trim as much as $8 billion in revenues in the current quarter. 

Intel Inc dropped 6% after the chip maker reported better-than-expected earnings but issued a weak outlook for the current quarter. 

KLA Corp declined 0.1% after the semiconductor company reported third quarter net income of $730.6 million or $4.83 cents per share compared to $567.5 million or $3.66 a share in the period a year ago.  

The company confirmed supply chain issues facing the industry.  

Mohawk Industries Inc soared 13.7% after the flooring products maker reported better-than-expected sales and earnings in the March quarter. 

Earnings increased to $$245 million or $3.78 a share from $237 million or $3.36 a share in the quarter a year ago. 

Revenues in the quarter rose 13% from a year ago to $3 billion.

The company issued a strong sales outlook and guided a favorable market for its products as renovation market and new home construction market show no sign of slowdown despite the rising interest rates. 

Olin Corporation jumped 8.7% after the chemical products maker reported March quarter sales increased 29% to $2.46 billion. 

Earnings in the quarter rose to $393 million or $2.43 a share from $243.6 million or $1.51 a share. 

The company guided higher second quarter performance despite the rising raw materials and operating costs. 

The company also formed a joint venture with Plug Power to supply green hydrogen as early as 2023. 

Verisign Inc dropped 12.4% after the company said March quarter revenues rose 7.2% to $347 million and earnings per share increased 7.5% to $1.43 from $1.33 a year ago. 

Earnings increased to $158 million from $150 million in the period a year ago. 

The domain name registry guided 2022 revenues in the range of $1.42 billion and $1.435 billon and updated domain base growth between 1.75% and 3.5%. 

China-linked tech companies soared after local reports suggested that the government may drop or ease recent additional filing and monitoring requirements for the companies listed overseas.

Alibaba and New Oriental Education jumped 10% and JD.com gained 7%.