Shares of Meta Platforms Inc (NASDAQ:META). fell 3.73% to close at $288.35 on Thursday, marking the third consecutive day of losses in a bearish market. The company's shares are now $42.19 short of its 52-week high achieved on October 12th, even though it experienced a high trading volume of 65.7 million, significantly above its 50-day average of 20.3 million.
As the NASDAQ and Dow Jones closed at 12,595.61 and 32,784.30 respectively, other tech giants also experienced declines. Shares of Apple Inc (NASDAQ:AAPL). closed at $166.89, down by 2.46%. Microsoft Corp (NASDAQ:MSFT)'s shares fell by 3.75% to close at $327.89 while Alphabet (NASDAQ:GOOGL) Inc.'s shares also declined by 2.55% to close at $123.44.
This downward trend was not exclusive to Meta Platforms but was reflective of the overall market sentiment on Thursday. As investors grapple with these changes, it remains to be seen how these tech giants will fare in the coming weeks and whether they can recover from this week's losses.
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