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Listen "Episode 42: NASDAQ slides as Mag 7 goes on sale"
Episode Synopsis
Stocks closed sharply lower Thursday as Meta and Microsoft fueled a rout in tech, while hotter inflation muddied the path for deeper Federal Reserve rate cuts.
Meta Platforms slumped more than 4% after it racked up fewer than expected users in Q3 and detailed plans to boost spending offsetting better-than-expected earnings and revenue. Uncertainty related to 2025 investment growth will likely limit near-term margin expectations despite the company’s 3Q beat.
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