Episode 42: NASDAQ slides as Mag 7 goes on sale

from Bulls vs. Bears · host MPC Markets

Stocks closed sharply lower Thursday as Meta and Microsoft fueled a rout in tech, while hotter inflation muddied the path for deeper Federal Reserve rate cuts. Meta Platforms slumped more than 4% after it racked up fewer than expected users in Q3 and detailed plans to boost spending offsetting better-than-expected earnings and revenue. Uncertainty related to 2025 investment growth will likely limit near-term margin expectations despite the company’s 3Q beat.

Episode metadata supplied by the publisher feed · Published Nov 1, 2024

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Episode 42: NASDAQ slides as Mag 7 goes on sale

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