The stock market faced a tumultuous day as Wall Street slumped, with the 10-year yield tumbling below 4% due to concerns of a slowing economy. The Dow shed 600 points, heading for its worst day since May, according to live updates from CNBC. Jobless claims rose, dashing hopes for interest rate cuts and causing the Dow to plunge 500 points.
Despite the overall negative trend, Meta stock rallied after earnings, providing a glimmer of hope amidst the market turmoil. The Nasdaq fell 2% while the S&P also slid as growth concerns spiked. However, Meta managed to hold onto higher ground, showcasing resilience in the face of uncertainty. Investors and analysts are closely monitoring these developments to gauge the market’s reaction and potential future trends.
