By Nicole Goodkind, CNNNew York (CNN) — US stocks fell on Thursday under the pressure of disappointing third-quarter results from Big Tech companies and high Treasury yields. Shares of Meta slid about 3.7% on Thursday after the Facebook parent company reported that advertising revenue had been soft this quarter. Shares of other big tech companies slid alongside Meta and Alphabet. The Nasdaq is now in correction territory, down more than 10% since its most recent high in July. The S&P 500, meanwhile, is flirting with correction territory and down nearly 10% from its intraday high, also reached in July.

Source: CNN October 26, 2023 20:50 UTC