Disney's shares fell to $110.53, a 9.2 percent drop and its largest daily drop in almost seven years.
China's market gyrations have stoked fears among global investors about the broader health of the Chinese economy.
Apple fell 6.2 percent, Microsoft lost 3.5 and Yahoo shed 2.2 percent.
The market suspended trading in all symbols.
After an initial wave of selling, European stocks and the euro recovered some ground.
Millennials' changing habits a key driver of $4.4 billion deal.
"If we get back to normal interest rates, stocks at these prices will look high."
The Nasdaq rose to it's highest point since touching a record of 5,132.52 in March 2000.
Apple's stock market value ballooned this week beyond $700 billion, more than Switzerland's gross domestic product.
A cyber espionage ring attacked more than 100 firms, most of them pharmaceutical and healthcare companies, to get insider information.
The current bull market still has a long way to go before it approaches the longest bull market in U.S. history, both in terms of duration and magnitude
Sales of the iPhone 6 and 6 Plus helped Apple chalk up a 12.2 percent jump in revenue last quarter
The data suggests the economy remained on solid ground, with the labor market gaining steam.
"This is the biggest IPO the world has ever seen, so there's a celebratory mood on the floor, whether you like it or not."
The California-based maker of luxury electric cars said it lost $61.9 million, or 50 cents a share
Manufacturing grew at a slower pace in January as new order growth plunged by the most in 33 years
Shutdown? What shutdown? Stocks are climbing and forecasts are growing rosier.