Wall St falls as megacaps slide, investors assess earnings and data

Meta Platforms fell about 4%, even after its third-quarter results beat expectations, as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales. The 10-year Treasury yield still hovered near the 5% mark despite easing after inflation and disposable income data, dragging megacaps Tesla and Microsoft down 1.7% and 3.1%, respectively.

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