By Staff Reporters
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Stock Markets: The NASDAQ dropped 3.7% as the Metaverse [Facebook] earnings disaster sent investors fleeing technology shares:
- S&P 500: 4,477.41, down 2.44%
- Dow Jones Industrial Average: 35,111.16, down 1.45% (518.17 points)
- Nasdaq Composite: 13,878.82, down 3.74%
But, Snap Inc. and Pinterest Inc. came roaring back after upbeat results eased fears that a slowdown at rival Facebook reflected an industry-wide social media slump.
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IRS: Regardless of the stock markets, the IRS just assembled a ‘surge team’ of 1,200 staffers to tackle filing backlogs and the busy tax season this year.
COVID-19: Medicare to start paying for at-home tests.
JOBS: The January jobs report due this morning will have several Covid issues that will make the numbers extremely confusing to interpret (folks out sick with Omicron, for example).
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Filed under: Alerts Sign-Up, Investing | Tagged: DJIA, Facebook, Investing, metaverse, NASDAQ, S&P |














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