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The Dow falls 400 points and the Nasdaq sinks 450 as Microsoft and Meta lead a tech stock selloff

found 31 Oct Quartz

qz.com › djia-sp500-nasdaq-microsoft-meta-tech-stocks-inflation-1851686136

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The Dow Jones Industrial Average fell more than 400 points Thursday mid-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…

AI darling Super Micro Computer could get booted off the Nasdaq as the stock plunges another 15%

found 31 Oct Quartz

qz.com › super-micro-computer-risk-nasdaq-delisting-ai-1851686222

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Shares of Super Micro Computer (SMCI) fell an additional 15% on Thursday, trading at $28 per share, following the resignation of auditor Ernst & Young. Although the server company joined the S&P 500 in March 2024, this year hasn’t been smooth, and now it faces potential delisting from the Nasdaq. After receiving a…