[Breaking] New York Stock Market Frozen by 'Meta Shock'... Nasdaq Closes Down 3.74%
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[Asia Economy New York=Special Correspondent Joselgina] The three major indices of the U.S. New York Stock Exchange all closed lower on the 3rd (local time).
On that day, the Dow Jones Industrial Average closed at a level 1.46% lower than the previous session.
The S&P 500 index fell by 2.44%. The tech-heavy Nasdaq index closed down 3.74%.
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By stock, Meta Platforms, the parent company of Facebook, saw its shares plunge by a staggering 26.44% compared to the previous session. This is the largest single-day drop since its listing in 2012. It is interpreted as a result of Meta's earnings and future outlook released the day before falling short of market expectations.
This content was produced with the assistance of AI translation services.
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