Market Crash Imminent: Experts' Warnings Proven True

1 min read
Source: CNBC
Market Crash Imminent: Experts' Warnings Proven True
Photo: CNBC
TL;DR Summary

Stock futures fell, with the Nasdaq Composite set to fall deeper into correction territory as Meta reported quarterly results that didn't meet expectations. The Nasdaq-100 futures dropped 0.9%, S&P 500 futures fell 0.7%, and Dow Jones futures lost 0.3%. The Nasdaq Composite is now officially in correction territory, down over 10% from its high close in July. Meta shares slid 3% after beating on top and bottom lines but noting advertising softness and a $3.7 billion loss in its Reality Labs division. The tech-heavy Nasdaq has been hit by disappointing earnings and surging bond yields.

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