NewsCNBC: Stocks tumble as Facebook’s earnings-induced rout halts tech rebound, Nasdaq falls 3.7%

February 3, 2022by 0

CNBC reports:
U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results.
Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September 2020. The S&P 500 had its worst day in nearly a year, sliding 2.4% to 4,477.44, with tech shares as …

The post CNBC: Stocks tumble as Facebook’s earnings-induced rout halts tech rebound, Nasdaq falls 3.7% appeared first on The Loadstar.

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