US Stock Indexes End Mixed as Facebook Parent Company Slumps

[Epoch-Times-Bot]

US Stock Indexes End Mixed as Facebook Parent Company Slumps

Wall Street delivered another mixed finish for stocks Thursday, as disappointing quarterly results from several big tech companies offset gains elsewhere in the market.
The S&P 500 fell 0.6 percent, with about 44 percent of stocks within the benchmark index losing ground. The tech-heavy Nasdaq fell 1.6 percent, while the Dow Jones Industrial Average rose 0.6 percent.
Facebook’s parent company, Meta Platforms, plummeted 2xc4.6 percent for the biggest drop in the S&P 500 after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. It joined other tech and communications stocks, such as Google’s parent company, Alphabet, and Microsoft, in reporting weak results and worrisome forecasts over advertising demand. Alphabet fell 2.9 percent and Microsoft slid 2 percent....

Source: US Stock Indexes End Mixed as Facebook Parent Company Slumps

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