Social media giant Facebook shares dive on weak outlook, weighing on Nasdaq

Facebook shares dived nearly 20 per cent early today after it signaled it expects weaker growth, pushing the Nasdaq decisively lower.

Facebook shares dived nearly 20 per cent early today after it signaled it expects weaker growth, pushing the Nasdaq decisively lower.

About five minutes into trading, the tech-rich Nasdaq Composite Index was at 7,860.84, down 0.9 percent, falling from Wednesday's record close.

The Dow Jones Industrial Average rose 0.4 percent to 25,513.78, while the broad-based S&P 500 dipped 0.3 percent to 2,838.73.

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