Thursday was brutal for technology stock investors, as the carnage spread far beyond the parent company of Facebook.
Below is a list of the worst 20 performers among the Nasdaq-100 on Feb. 3., led by a 26% plunge in Meta Platforms Inc.
following a disappointing fourth-quarter earnings announcement.
Read: Facebook stands to shed more than $200 billion in market value after rough earnings report
Here’s how the broad indexes performed on Feb. 3:
The Dow Jones Industrial Average
fared best, declining 518 points, or 1.5%, to close at 35,111.16. Despite all the fear in the market as investors look ahead to an expected cycle of interest-rate increases by the Federal Reserve, the Dow has pulled back only 3.4% during 2022 and only 5% from its all-time intraday high set on Jan. 5.
The S&P 500
pulled back 2.4% for the session. The benchmark index is now down 6.1% for 2022 and down 7.1% from its high set on Jan. 4.
The Nasdaq Composite Index
dropped 3.7% and is now down 11.3% for 2022 and 14.4% from its intraday high set on Nov. 22. The index is in correction territory, having fallen more than 10%.
The Nasdaq-100 Index
made up of the largest nonfinancial companies in the full Nasdaq and tracked by the Invesco QQQ Trust
sank 4.2%. It is also in the midst of a correction, declining 11.1% this year and 13.5% from its intraday high, also set on Nov 22.
Meta tops the Nasdaq-100 loser list
Here are the 20 worst performers among the Nasdaq-100 on Feb. 3:
Price change – Feb. 3
Price change – 2022
Decline from 52-week high
Date of 52-week high
Meta Platforms Inc. Class A