The New York Stock Exchange traded down yesterday at the beginning of the session penalized by a drop of about 25% of the shares of Meta (Facebook), after the presentation of results that disappointed. Writes the agency Lusa.

The Dow Jones index was down 0.56% to 35,431.16 points and the Nasdaq lost 2.27% to 14,098.00 points, penalized mostly by Target's 24.92% drop.

The broad-based S&P 500 index retreated 1.45% and was at 4,522.40 points.

Meta, the 'holding company' that controls Facebook and Instagram, reported Wednesday after the market close profits of $10.3 billion (€9.1 billion) for the fourth quarter, down 8% year-on-year.

The group had presented a turnover forecast whose upper range was $33.67 billion, but in the quarter in question it did not exceed $29 billion.

The stock market drop the group is experiencing at this point could mean $200 billion less capitalization.

Source Lusa