Posted 10/26/2023, 1:49:22 PM
Stocks Slide as Big Tech Earnings Disappoint; ECB Holds Rates After Aggressive Hikes
- Stocks opened lower as Big Tech earnings disappoint; Nasdaq, S&P 500 drop while Dow flat
- Q3 GDP grew fastest in nearly 2 years at 4.9% pace amid strong consumer spending
- European Central Bank holds rates steady after 10 hikes, sees steady policy ahead
- Amazon, Intel, Ford, Chipotle report earnings today amid market sell-off
- Futures point to more losses on Wall Street after sharp declines Wednesday