U.S. stocks pare losses in final hour of trade as Nasdaq remains deep in correction territory

U.S. stock indexes were trimming earlier losses in the final hour of trade on Thursday with the Nasdaq Composite COMP, -1.25% on pace to end at its lowest levels since May as megacap tech earnings have mostly failed to meet investor expectations. The Dow Jones Industrial Average DJIA, -0.41% was falling 116 points, or 0.

4%, at 32,917, while the S&P 500 SPX, -0.76% was off 0.7% and the Nasdaq was declining by 1.3% after tumbling over 2% in midday trade. Facebook parent Meta Platforms META, -2.13% ’ earnings spooked markets after the firm’s CFO warned of slower advertising revenues in the fourth quarter, following the publication of the third-quarter results that showed rising digital-advertising revenue.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Nasdaq slump as tech shares lead U.S. stocks lower after mixed earningsIsabel Wang is a Markets Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Why U.S. stocks in these defensive sectors are set to outperform after failing to provide shelter throughout 2023Isabel Wang is a Markets Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »