Stock Market Today: Dow closes lower as tech wreck continues amid Meta slump

Investing.com -- The Dow closed lower Thursday, pressured by a Meta-led slump in tech as concerns about slowing advertising growth offset better-than-expected quarterly results.) fell more than 3% after it flagged weaker advertising demand seen in the fourth quarter so far. Concerns about slowing growth overshadowed Q3 results that beat analyst estimates on both the

“e have observed softer ad spend in the beginning of the fourth quarter, correlating with the start of the conflict, which is captured in our Q4 revenue outlook,” the company said in its Q3 earnings call following the quarterly results on Wednesday.) jumped more than 5% after its Q3 results topped Wall Street estimates, underpinned by ongoing growth in its software segment as the technology company's investment into artificial intelligence appears to bearing fruit.

“The outlook incorporates the impact of the broader Toy category declines, which is impacting the Consumer Product Segment,” Hasbro said.U.S. Treasury yields fell after the data because “markets placed greater emphasis upon a small miss by core PCE inflation and ignored a beat by Q3 GDP alongside impressive details,” Scotiabank Economics said in a note.data due Friday that is expected show inflation in the 12 months through September slowed to a 3.7% pace from 3.9% the prior month.

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