US: Wall St drops at open as Facebook outlook sparks tech rout

[NEW YORK] US stock indexes opened lower on Thursday, with the Nasdaq diving more than 2 per cent, as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets.

The Dow Jones Industrial Average fell 109.2 points or 0.31 per cent at the open to 35520.08.

The S&P 500 fell 54.0 points or 1.18 per cent at the open to 4535.41 while the Nasdaq Composite dropped 371.7 points or 2.58 per cent to 14045.834 at the opening bell.

REUTERS