[Breaking] New York Stock Market Closes Mixed Amid GDP and Earnings Review... Nasdaq Down 1.63%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York Stock Exchange closed mixed on the 27th (local time), closely watching the third-quarter gross domestic product (GDP) growth rate, which recorded the first positive growth this year, and the poor earnings of major tech companies including Meta.
On that day, the Dow Jones Industrial Average rose 0.62% from the previous close. In contrast, the S&P 500, which focuses on large-cap stocks, fell 0.59%, and the tech-heavy Nasdaq index dropped 1.63%.
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While the Dow showed an upward trend due to the improved GDP indicator, the Nasdaq, which had rebounded the previous day, notably declined due to Meta, the parent company of Facebook, reporting poor earnings.
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