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Nasdaq loses more than 1% on Thursday, sliding deeper into correction territory

Posted on AllSides October 26th, 2023
From The Center
Brendan Mcdermid | Reuters

The Nasdaq Composite dropped deeper into correction territory on Thursday as Meta became the latest tech company to offer a forecast that didn’t quite live up to investors’ expectations.

The tech-heavy index lost 1.6%, dropping below its 200-day moving average for the first time since March. The S&P 500 dipped 1% while the Dow Jones Industrial Average slipped 195 points, or 0.5%. With Thursday’s loss, the S&P 500 is now off by more than 10% from its July intraday high.

Following a 2.4% decline on Wednesday, the Nasdaq Composite is...

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