. time now for business. let s go to cnbc, joining us live from london. major u.s. stock index tumbled on wall street, dragged down by technology and social media companies, facebook, or meta, the parent company of facebook, got clobbered. tell us, what happened? it was really a blood bath yesterday. and we ve seen many days of extraordinary trading but yesterday was no exception. we saw the tech-heavy nasdaq close nearly 4% lower, and meta, formally facebook, had the most negative impact on that index. they delivered that disappointing set of earnings on wednesday night, after markets had closed up shop. and that september shock waves through markets. so the s&p 500 dropped 2.4% and the dow jones closed down 1.45%. the story continued after markets closed yesterday and a number of tech companies come in with earnings better than the
dow is down. after a wild day of dramatic swings on tuesday, the dow rallied to close up more than 500 points. let s go to cnbc s dominic chu. dom, how are the markets looking this morning? reporter: it s a little more stable. after that wild swing yesterday, we were down 567 points on the dow yesterday only to rally back to close up 567. one of the biggest rides we ve seen in terms of overall point volatility. today, an early sign of stability at least early on. we ll see if traders take that as a sign that things are starting to bottom out a little bit. markets have been generally stable. this kind of volatility should be expected and has been over the long term, katy. why did we see a rally last night? reporter: so the trends are things that people watch in terms of investors and traders on wall street. the trend over the last couple of years is that the market has been up and away with no real signs of a pullback whatsoever. every time there s been a little
still within 7, 8% of a record high in the stock market. so your 401(k) or ira should be doing good right now. you re telling me ignore my financial statements, don t worry about it and power through until i retire? reporter: katy, you and i are young enough right now where we have a number of years before we re thinking about that retirement. for folks like us, we don t need the money right away, we should feel okay about what s happening in the market right now, especially because the economy is still growing, albeit mod he is modestly. speak for yourself, dom, the news has been wild, i might want to retire at 40. reporter: me too, i m get morning gray these days, katy. cnbc s dom chu, thank you very much. the white house is deciding whether or not to release the democratic rebuttal to the nunes memo which blasted the fbi for using the steele dossier as a rationale for wiretaps. now a new report details how steele went from an unknown former british spy to the
especially for fiscal conservatives in the democratic party. all right. live for us in washington d.c. molly hooper, thank you for that. absolutely. . another company is facing a massive data breach after ek question fax revealed that hackers were able to get access to the personal information of up to 143 million customers. now, the company says the breach includes data, like social security incomes, birth dates, and home addresses. officials say it was discovered in late july, but it wasn t disclosed until yesterday, roughly six weeks later. now, adding to the scandal three of the company s top executives sold equifax shares just days before the breach was discovered. a company spokesperson tells nbc news that they had no knowledge that an intrusion had occurred at the time they sold their shares. for more let s go to cnbc s carolyn roth live from london. carolyn, let s talk a little bit about the company trying to contain the fall-out from this massive data breach. look, fi
alongside suspect salah abdeslam two days before the november 13th attacks at a gas station along the highway to paris. he is considered armed and dangerous. in brussels this morning, some schools and mass transit are back open. let s go to cnbc s julia chatterley, who is live in brussels. julia, good morning. what s the latest on the manhunt there? and also is there a sense that the crackdown has worked or has it gone too far? thanks, chris. well, as you pointed out, there are actually two key developments here in brussels. the first is that the ongoing manhunt here has been expanded. the police here now searching for a second suspect. the man mohamed abrini. now, as you said, he was caught on camera two days prior to those terror attacks with the first suspect in this manhunt, the man salah abdeslam. so both men now being sought by the police here in belgium. the other development is that, of course, despite operating