[Breaking] Tech Stocks Plunge Due to Snap Shock... Nasdaq Down 2.4%

[Asia Economy Reporter Kim Hyunjung] Major indices on the New York Stock Exchange fell on the 24th (local time) due to an earnings shock from social media company Snap.

On this day, the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) closed at 31,928.62, up 0.15% from the previous session.

The S&P 500, which focuses on large-cap stocks, fell 0.81% to 3,941.48, and the tech-heavy Nasdaq closed down 2.35% at 11,264.45. Snap reported disappointing earnings, causing its stock price to plunge 43.08%, leading the decline in tech stocks.