How major US stock indexes fared Thursday, 10/31/2024
Drops in big tech companies including Microsoft and Facebook’s parent company Meta Platforms led Wall Street lower
By The Associated Press
Published - Oct 31, 2024, 04:18 PM ET
Last Updated - Dec 16, 2024, 05:46 PM EST
Drops in big tech companies including Microsoft and Facebook’s parent company Meta Platforms led Wall Street lower.
The S&P 500 fell 1.9% Thursday, its worst day in eight weeks. The Dow Jones Industrial Average dropped 0.9%, and the Nasdaq composite tumbled 2.8%.
Both Microsoft and Meta delivered better profit than forecast for the latest quarter, but investors were expecting even more from them. Other influential Big Tech stocks also fell and were among the market’s heaviest weights, including Nvidia, Amazon and Apple. Treasury yields wavered in the bond market following some mixed reports on the economy.
On Thursday:
