Posted 10/26/2023, 5:34:28 PM
Stocks Slide as Big Tech Earnings Disappoint; GDP Grows 4.9% but Economy Not Out of Woods
- Nasdaq leads stock slide as Big Tech earnings disappoint; S&P 500 drops 1.2%, Dow dips 0.7%
- Hot GDP reading of 4.9% growth shows resilience but doesn't mean US economy is out of the woods
- Meta, Mastercard shares fall on weak guidance and slowing spending trends
- Morgan Stanley taps insider Ted Pick as next CEO, ending succession speculation
- Ford, UAW reach tentative deal that could end longest auto strike in 25 years