A) Yes, the Nasdaq recorded its second day of losses and extended the fall of the yesterdaydragged down mainly by the collapse of Meta, which fell sharply after posting lower-than-expected gains the day before.
Meta lost some $67 billion in market value that add up to the trillions of dollars some of the biggest tech companies lost this year given the rise in interest rates and the strengthening of the dollar.
Meta results are produced one day after Alphabet and Microsoft presented discouraging figures, causing a general drop in technology stocks.
At the same time, Amazon shares fell 15.7% in the aftermarket as in the presentation of its balance sheet it registered a 9% contraction of its net profit in the third quarter compared to the same period last yearas well as a turnover below what the market expected, according to its results published on Thursday.
Source: Ambito
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