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US stocks sink at the close and sink even further afterwards on earnings

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Closing changes:

  • S&P 500 -0.6%
  • Nasdaq Comp -1.6%
  • DJIA +0.6%
  • Russell 2000 +0.1%

About half the loss in the S&P 500 was directly due to the 25% decline in Meta and the news is even worse after hours with Amazon down 20%. That’s knocked Nasdaq futures down another 2%.

Apple earnings are due out any second and that will be the next shoe to drop.