Daily Morning Note | February 4, 2022

Let the Money Talk · Feb 4, 2022 · 12m

Major U.S. stock indexes tumbled Thursday as technology and social-media companies weighed, including Facebook owner Meta Platforms.

Nasdaq Composite Index fell by 538.73 points, or 3.7%, to 13878.82, breaking a four-day winning streak.

The S&P 500 fell 111.94, or 2.4%, to 4477.44. It was the largest percentage drop in nearly a year. The Dow Jones Industrial Average fell 518.17, or 1.5%, to 35111.16.

In a bid to tackle decades-high inflation, the Bank of England lifted its main interest rate for a second time in a row on Thursday. Inflation in Britain will peak at 7.25 per cent in April…