Wall St opens lower after Meta, Microsoft cost warnings
Wall Street's main indexes opened lower on Thursday as warnings from Meta Platforms and Microsoft about rising AI costs sobered some of the buzz around megacap stocks, which have been the market's primary driver this year.
The Dow Jones Industrial Average (.DJI), opens new tab fell 185.2 points, or 0.44%, at the open to 41956.34. The S&P 500 (.SPX), opens new tab fell 38.3 points, or 0.66%, at the open to 5775.34, while the Nasdaq Composite (.IXIC), opens new tab dropped 180.6 points, or 0.97%, to 18427.31 at the opening bell.
Source: Reuters