Stocks slid on Thursday as Wall Street digested discouraging quarterly reports from megacap technology names and awaited further results.
The S&P 500
tumbled 1.86% to finish at 5,705.45. The Nasdaq Composite
lost 2.76% to close at 18,095.15. Both indexes posted their biggest one-day declines since Sept. 3. The Dow Jones Industrial Average
slid 378.08 points, or 0.9%, to end at 41,763.46.
Microsoft
shares slid 6% after the tech giant’s revenue guidance disappointed investors and overshadowed a quarterly earnings beat. Meta Platforms
dropped more than 4% after the Facebook parent missed the Street’s expectations for user growth and warned that capital expenditures will significantly rise in 2025.
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https://www.cnbc.com/2024/10/30/stock-market-today-live-updates.html