[Breaking] New York Stock Market Frozen by 'Meta Shock'... Nasdaq Closes Down 3.74%

[Image source=Reuters Yonhap News]

[Asia Economy New York=Special Correspondent Joselgina] The three major indices of the U.S. New York Stock Exchange all closed lower on the 3rd (local time).

On that day, the Dow Jones Industrial Average closed at a level 1.46% lower than the previous session.

The S&P 500 index fell by 2.44%. The tech-heavy Nasdaq index closed down 3.74%.

By stock, Meta Platforms, the parent company of Facebook, saw its shares plunge by a staggering 26.44% compared to the previous session. This is the largest single-day drop since its listing in 2012. It is interpreted as a result of Meta's earnings and future outlook released the day before falling short of market expectations.