What happened was that the actions of Meta (Facebook) plummeted more than 26% on Wall Street after presenting disappointing results, in a historic drop that represents almost US $ 200,000 million in capitalization of Mark Zuckerberg’s group. Meta’s revenue forecast for the first quarter was between $27 billion and $29 billion, lower than the $30.15 billion expected by analysts, according to IBES data from Refinitive.
On Wall Street, the Nasdaq fell more than 3.7% as shares of other social media companies including Twitter Inc, Pinterest Inc and Snapchat also suffered a setback. Big tech stocks like Alphabet Inc and Microsoft Corp tumbled, as did Amazon.com Inc, before it released its results.
This day, however, the rises of Banco Bradesco (+2.2%), Coca Cola (+1.5%), and Alibaba (+1.3%) stood out. As for Cedears ETFs, the MSCI Brazil (+0.2%) and energy (+0.05%) indices rose. For its part, the ETF that replicates the innovation sector fell 4.4% and the one that follows the Nasdaq fell 2.8%.
The volume traded in Cedears during the day rose 2% to $5,055 million, which represented 85% of the traded in equities. While $978 million in local shares were traded.
Source: Ambito
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