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US Stocks Open Lower, Meta Plunges 11% at Opening
Summary: According to reports from sources, the three major US stock indexes opened lower, with the Dow falling 0.5%, the S&P 500 down 0.5%, and the Nasdaq dropping 0.7%. Meta Platforms (META.O) plunged 11% at opening due to a significant decrease in Q3 profits from one-time tax expenses, with plans to raise at least $25 billion ...
According to reports from sources, the three major US stock indexes opened lower, with the Dow falling 0.5%, the S&P 500 down 0.5%, and the Nasdaq dropping 0.7%. Meta Platforms (META.O) plunged 11% at opening due to a significant decrease in Q3 profits from one-time tax expenses, with plans to raise at least $25 billion through bond issuance. Alphabet (GOOGL.O) rose 5.3% as Q3 quarterly performance exceeded expectations, Eli Lilly (LLY.N) rose 3% after raising full-year revenue expectations, Nvidia (NVDA.O) fell 0.8%, and Microsoft (MSFT.O) dropped 1.7%.
