Caterpillar's rising stock helped push the Dow higher Thursday after data showed third-quarter U.S. GDP rose more than expected. Tech stocks generally didn't fare as well, weighing on the S&P 500 and Nasdaq Composite.
Under the surface, things were even rockier. Meta Platforms’ shares plunged 25% after it reported disappointing results. Meta’s tumble continues a terrible stretch for the FAANG stocks, which are headed for the biggest simultaneous drops this year in history.
There may be more bumpy trading ahead: Amazon.com, which reported earnings after the close, plummeted 20% in late trading after cutting its sales outlook
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