Investors wondering why stocks are down today need to look no further, as we know what’s weighing on the market on Thursday!
A big factor that has stocks down today comes from earnings reports in the tech sector. Several major players in the space have released their latest earnings reports to unimpressed investors.
For example, Meta Platforms (NASDAQ:META), the parent company of Facebook and Instagram, reported results that came in above estimates. However, the company’s stock still fell after the firm warned investors that ongoing conflicts overseas could have a negative effect on its advertising revenue.
It’s worth noting that this builds on the negative movement yesterday, when Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) failed to impress shareholders with its third-quarter earnings report. That also dragged down markets with worries about what other tech companies would report.
Let’s check on how the major indices are moving today below!
Stocks Down Today: Major Indices Fall
- We start today with the tech-filled Nasdaq Composite and its 0.73% drop as of Thursday morning.
- Next is the S&P 500 and its 0.3% decrease this morning.
- Closing us out is the Dow Jones Industrial Average, which is still up 0.08% as of this writing.
Investors who are checking in on all of the biggest stock market stories for Thursday are in the right place!
InvestorPlace is home to all of the hottest stock market happenings that traders need to know about today! A few examples include what’s going on with shares of Morgan Stanley (NYSE:MS) stock, Ford (NYSE:F) stock and Stellantis (NYSE:STLA) stock today. You can catch up on all of these matters by checking out the following links!
More Thursday Stock Market News
- MS Stock Alert: What to Know as Morgan Stanley Announces New CEO
- F Stock Pops as Ford Strikes Deal With UAW
- Stellantis Invests $1.6 Billion in Chinese EV Maker Leapmotor
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
