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Tech Giants Hit in Late Hours After Meta's Outlook: Markets Wrap

(Bloomberg) — Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far. A $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) got hit after the close of regular trading as the Facebook… ....

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Stock market news: U.S. stock rally wavers as bonds struggle before GDP

Stock market news: U.S. stock rally wavers as bonds struggle before GDP
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Wall Street rally stalls before GDP figures; ASX closed

Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result, which sent the stock tanking in after-hours trading. ....

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