Wall Street opens mostly higher, but Meta plunges 25%2 min read 27 Oct 2022, 07:43 PM IST
The Dow Jones Industrial Average rose 223.03 points, or 0.70%, at the open to 32,062.14, but Meta’s slump pulled the Nasdaq down 0.2%
Stocks are opening mostly higher on Wall Street with the notable exception of Facebook’s parent company. Meta Platforms plunged as much as 25% Thursday morning after Chief Executive Officer Mark Zuckerberg asked investors for patience with the social-media giant's swelling investments in unproven bets at an already-challenging time for digital-advertising companies.
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