Facebook shares dive on weak outlook, weighing on Nasdaq

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AFP New York
Last Updated : Jul 26 2018 | 7:30 PM IST

Facebook shares dived nearly 20 per cent early today after it signaled it expects weaker growth, pushing the Nasdaq decisively lower.

About five minutes into trading, the tech-rich Nasdaq Composite Index was at 7,860.84, down 0.9 percent, falling from Wednesday's record close.

The Dow Jones Industrial Average rose 0.4 percent to 25,513.78, while the broad-based S&P 500 dipped 0.3 percent to 2,838.73.

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First Published: Jul 26 2018 | 7:30 PM IST

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