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U.S. stocks pare losses in final hour of trade as Nasdaq remains deep in correction territory

Clyde Edgerton by Clyde Edgerton
October 26, 2023
in Markets
U.S. stocks pare losses in final hour of trade as Nasdaq remains deep in correction territory
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U.S. stock indexes were trimming earlier losses in the final hour of trade on Thursday with the Nasdaq Composite COMP on pace to end at its lowest levels since May as megacap tech earnings have mostly failed to meet investor expectations. The Dow Jones Industrial Average DJIA was falling 116 points, or 0.4%, at 32,917, while the S&P 500 SPX was off 0.7% and the Nasdaq was declining by 1.3% after tumbling over 2% in midday trade. Facebook parent Meta Platforms META ’ earnings spooked markets after the firm’s CFO warned of slower advertising revenues in the fourth quarter, following the publication of the third-quarter…



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