Nasdaq 100 futures slump more than 2% as Facebook parent set to slump 19%
On Wednesday, the Dow Jones Industrial Average DJIA, +0.63% rose 224 points, or 0.63%, to 35629, the S&P 500 SPX, +0.94% increased 43 points, or 0.94%, to 4589, and the Nasdaq Composite COMP, +0.50% gained 72 points, or 0.5%, to 14418. All three indexes have gained ground over the prior four sessions, with the Nasdaq surging 8% over that time span.
“Disappointing earnings and an uncertain outlook for Meta, the firm behind names such as Facebook and Instagram, darkened the mood in the markets, generating some anxiety over the tech sector as a whole,” said Ricardo Evangelista, senior analyst at ActivTrades. Amazon.com AMZN, -0.38% will be the last of the megacap tech giants to report results after the close of trading.
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