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Wall St drops at open as Facebook outlook sparks tech rout

Wall St drops at open as Facebook outlook sparks tech rout

The Dow Jones Industrial Average fell 109.2 points, or 0.31%, at the open to 35520.08.

Nasdaq dropped more than 2%, as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets. Nasdaq dropped more than 2%, as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets.

US stock indexes opened lower on Thursday, with the Nasdaq diving more than 2%, as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets.

The Dow Jones Industrial Average fell 109.2 points, or 0.31%, at the open to 35520.08.

The S&P 500 fell 54.0 points, or 1.18%, at the open to 4535.41, while the Nasdaq Composite dropped 371.7 points, or 2.58%, to 14045.834 at the opening bell.