"Nasdaq's Slide Deepens as U.S. Stocks Suffer Increased Losses"

U.S. stocks, particularly the Nasdaq Composite, continued to decline as disappointing earnings reports from major companies weighed on the market. The preliminary reading on third-quarter U.S. GDP showed stronger-than-expected growth, but investors anticipate a slowdown in the economy. Small-cap stocks outperformed, while the Nasdaq remained the worst-performing index. Treasury yields fell, and the United Auto Workers reached an agreement to end the strike at Ford. Companies such as Meta Platforms, Mattel, IBM, Ford, UPS, and Mastercard reported mixed results, impacting their stock prices.