Nasdaq falls 3.7% after poor Meta earnings report

Feb. THREE (UPI) — U.S. markets snapped a 4-day profitable streak on Thursday as a rally in tech shares was halted after Facebook parent, Meta said terrible fourth-quarter profits.

The tech-heavy Nasdaq Composite closed the day down 3.74%, even as the S&P 500 fell 2.44%. The blue-chip Dow Jones Industrial Moderate also declined 518.17 issues or 1.45%.

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