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VOL. 46 | NO. 43 | Friday, October 28, 2022

US stock indexes end mixed as Facebook parent company slumps

The Associated Press

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Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market.

Facebook's parent company, Meta Platforms, lost another one-fourth of its value after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. That followed weak reports from Google's parent company, Alphabet, and Microsoft.

The S&P 500 fell 0.6% and the Dow rose 0.6%. Meta's slump pulled the Nasdaq down 1.6%.

Markets got some encouraging economic news as the government reported the U.S. economy returned to growth last quarter, expanding 2.6%.

Treasury yields fell.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0