Wall St drops sharply as Facebook outlook sparks tech rout

New York (Feb 3) - U.S. 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.

However, at the end of day's trading, all US stock indexes were down considerably...and closed at the day's lows.

Reuters