Stock market news live updates: Stocks plunge after Facebook-led tech sell-off; Nasdaq sheds 4% – Yahoo Finance
Wall Road’s key benchmarks faltepurple on Thursday, capping again-to-again durations of positive elements on the heels of a slew of strong tech earnings, as despatchediment waned following dismal end outcomes from Fb that despatched shares of The agency spiraling Collectively with completely di…….
Wall Road’s key benchmarks faltepurple on Thursday, capping again-to-again durations of positive elements on the heels of a slew of strong tech earnings, as despatchediment waned following dismal end outcomes from Fb that despatched shares of The agency spiraling Collectively with completely different tech friends.
A current revenueable streak in equities was eclipsed by disapleveling fourth quarter end outcomes from the platform’s mother or father agency Meta (FB), which unveiled decides that missed estimates after the bell on Wednesday. The This fall report despatched shares tumbling Greater than 26% — And in addition hammepurple completely different know-how shares — marking The Most very important single-day wipeout in market historic previous.
The Nasdaq Composite plunged 538.73 factors To finish 3.74% decrease, the placeas the S&P 500 fell 2.44% into the purple. The Dow Jones Industrial Common furtherly shutd down 518.17 factors, or 1.45%, decrease.
Meanthe placeas, WTI crude oil topped $90 a barrel for The primary time since 2014 amid proceedd worldwide current constraints and geopolitical tensions.
Meta reported Q1 2022 income, a key decide for inventory watchers, that acquired here up brief, with The agency estimating between $27 bunwellion to $29 bunwellion Inside The current quarter, under analysts’ anticipateations of $30.25 bunwellion. The agency’s capability to proceed to navigate Apple’s (AAPL) current privateness modifications that permit iOS clients to choose out of letting their apps monitor them throughout The internet was furtherly in focus for the shut to time period.
Fb’s fourth-quarter report comes amid a prolific week in earnings season. Shares of Amazon (AMZN), which disshutd decides after market shut on Thursday, surged 15% in submit-market buying and promoting after The agency reported a 9% gross sales enhance Over the previous three months of 2021 and a leap in revenue attrihowevepurple to its Deal with Rivian (RIVN). The e-commerce huge’s end …….
Source: https://finance.yahoo.com/news/stock-market-news-live-updates-february-3-2022-232941718.html
