[1/4]Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights
- Meta Platforms forecasts 2024 spending above estimates
- UPS lowers full-year revenue outlook
- Western Digital plunges as Kioxia merger scrapped
- Amazon.com down ahead of earnings
- Indexes down: Dow 0.40%, S&P 0.75%, Nasdaq 1.30%
NEW YORK, Oct 26 (Reuters) – Wall Street fell again on Thursday as investors digested a slew of mixed quarterly earnings and U.S. economic data showing signs of resiliency that could encourage the Federal Reserve to keep interest rates at a restrictive level for longer than expected.
All three major U.S. stock indexes were red. The tech-heavy Nasdaq was down the most, weighed down by interest rate sensitive momentum stocks in the face of cloudy earnings guidance and the “higher for longer” interest rate…
