The Dow Jones gains 0.61%, the S&P 500 loses 0.57% and the Nasdaq 1.63%
Wall Street ends in disarray, Meta Platforms disappoints | Photo credits: Rémi le Bailly
PARIS, Oct 27 (Reuters) – The New York Stock Exchange ended in disarray on Thursday as investors were reassured by news of a stronger-than-expected rebound in the U.S. economy in the third quarter but disappointed with forecasts lackluster from Meta Platforms which weighed on technology stocks.
The Dow Jones Industrial Average gained 0.61%, or 194.17 points, to 32,033.28 points.
The broader S&P-500 lost 21.73 points, or -0.57%, to 3,808.87 points.
The Nasdaq Composite fell for its part by 178.32 points (-1.63%) to 10,792.68 points.
US gross domestic product (GDP) rose 2.6% at an annualized rate in the July-September period after contracting 0.6% in the second quarter.
Another statistic of the day, jobless claims rose slightly in the United States during the week to October 22, to 217,000 against 214,000 the previous week, according to data from the Labor Department.
VALUES
On the stock side, Meta Platforms, the parent company of Facebook, plunged nearly 25% after presenting a pessimistic picture of its short-term outlook on Wednesday.
(Report Matthieu Protard)