Wall Street Drops at Open as Facebook Outlook Sparks Tech Rout

Wall Street Drops at Open as Facebook Outlook Sparks Tech Rout
A sign for Wall Street hangs in front of the New York Stock Exchange in New York City, on July 8, 2021. Mark Lennihan/AP Photo
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U.S. stock indexes opened lower on Thursday, with the Nasdaq diving more than 2 percent, 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 percent, at the open to 35520.08.