U.S. Stocks Fall All In On Big Tech Disappointment...Nasdaq 2.76% ↓

2024.11.01 AM 07:07
The U.S. stock market fell all at once on concerns that the prospects of big tech companies are uncertain.

On the New York Stock Exchange, the Dow was down 0.9% from the previous day, while the S&P 500 plunged 1.86%.

The tech-heavy Nasdaq fell 2.76%.

The stock market decline was driven by disappointment with Microsoft and Meta, which reported third-quarter earnings, which itself was good, but abnormal signals were detected in detailed indicators.

In particular, shares fell more than 6% and 4% respectively on the prospect of slowing MS's cloud growth and the prospect of a significant increase in Meta's capital spending next year.



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