The recent rally in U.S. stocks stumbled as investors hammered shares of Facebook owner Meta Platforms and awaited earnings from Amazon.com , Ford Motor and Snap.
The technology-focused Nasdaq Composite Index dropped 2.6% Thursday, signaling tech stocks would come under pressure. The tumble came as investors wiped 24% off the stock price of Meta, which painted a gloomy outlook in its earnings report. The broader S&P 500 fell 1.5%, while the Dow Jones Industrial Average slipped 0.3%.
Source: https://www.wsj.com/articles/global-stocks-markets-dow-update-02-03-2022-11643877298