The Dow falls 250 points and the Nasdaq sinks 340 as Microsoft and Meta lead a tech stock selloff

October 31, 2024

The Dow Jones Industrial Average fell more than 250 points Thursday morning, alongside sharp Nasdaq and S&P 500 declines, following weaker-than-expected earnings reports from Microsoft (MSFT) and Meta (META). Super Micro Computer (SMCI) stock continued to fall following the resignation of Ernst & Young, the company’s auditor.