US stocks fall as Meta’s disappointing forecast disrupts tech recovery

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Facebook owner Meta is on track to lose a quarter of its market cap in Thursday's wipeout

Stock market information at the Nasdaq MarketSite in New York, the US, February 3 2022. Picture: MICHAEL NAGLE/BLOOMBERG

The share slump is set to wipe out more than $200bn from Meta’s market capitalisation, which would shave off about 0.9% from Nasdaq’s market value and about 0.5% from S&P 500. “This is definitely shaking investors’ resolve around the recent relief rally that we've been seeing in tech,” said Robert Pavlik, chief investment strategist at SlateStone Wealth in New York.Ten of the 11 major S&P 500 sectors declined in early trading, with communication services dropping 5% and leading losses.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about cryptoverseJ it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.

I have been seeing post everywhere. and a lot of people keep saying reach him and eventually it turned out to be legit platform, I invested $500 and received $4750 within 6 days trade with MichaelWeldon_

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités