Facebook has worst day in Wall Street history

(FILES) This file photo taken on March 22, 2018 shows a computer screen displaying the logo of the social networking site Facebook, taken in Manchester, England. Facebook is ending a program launched in 2014 to build a fleet of drones that could deliver internet to underserved areas of the world. The huge social network said it has not abandoned the idea of using high-altitude aircraft to connect remote areas of the globe, but would concentrate its efforts with manufacturing partners. Facebook will close its facility in Bridgwater, southwest England, which has been working on the solar-powered Aquila drone, according to a statement late June 26, 2018. / AFP PHOTO / Oli SCARFFOLI SCARFF/AFP/Getty Images

A historic drop in Facebook stock pulled technology stocks lower on Wall Street, even as other sectors climbed.

Facebook plummeted 19 percent Thursday after warning of slower growth ahead, erasing more than $100 billion in value.

The drop was the largest one-day loss in value of any publicly traded company in history, according to the Washington Post.

The S&P 500 index slipped 8 points, or 0.3 percent, to 2,837.

The Dow Jones Industrial Average rose 112 points, or 0.4 percent, to 25,527. The Nasdaq composite slid 80 points, or 1 percent, to 7,852.

Source: Read Full Article